Price Range for Substantial Increase in Demand for a Stock

Price Range for Substantial Increase in Demand for a Stock

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Question

The price range at which a technician would expect a substantial increase in demand for a stock is

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A. B. C. D.

Explanation

Demand level is not a real term. Technicians believe that a support level on a stock will develop after it has experienced substantial price gains. They reason that at some price range (the support level), other investors who did not buy the stock the first time it went up will now buy it after a small price reversal.