CFA Practice Question
The price range at which a technician would expect an increase in the supply of stock and any price increase to reverse is called a ______.
B. moving-average line
C. relative-strength line
A. resistance level
B. moving-average line
C. relative-strength line
Correct Answer: A
User Contributed Comments 2
| User | Comment |
|---|---|
| kalps | Resistance level - technician expects an increase in teh supply of stock at this price leve |
| reccy | Increase stock supply at resistance because people sell off stock at that price, causing stock supply increase and price to drop below resistance |