Which of the Following Is True Regarding the Resistance Level

question 4

Multiple Choice

Which of the following is true regarding the resistance level?

• A) Resistance levels tend to develop due to profit taking.
• B) It is the level at which a significant decrease in demand is expected.
• C) It is the level at which a significant increase in supply is expected.
• D) Resistance levels usually develop after a stock reaches a new low.

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Definitions:

UCC

The extensive array of commercial transaction laws in the United States is known as the Uniform Commercial Code.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a set of rules governing international sales contracts.

International Sale

The process of selling goods or services across national borders, subject to different countries' laws and trade agreements.

Treaty

A binding agreement between two nations or international organizations.