Series 7 practice questionmediumAnalysis and Valuation 499
In technical analysis, resistance is best described as:
- Aa price level where selling pressure may limit further advances✓ Correct answer
- Bthe dividend payout ratio
- Ca Treasury auction result
- Dan SEC registration threshold
Explanation
Why A — a price level where selling pressure may limit further advances
Resistance is a chart concept referring to a price area where supply may overcome demand. Support is the opposite, where buying interest may emerge.
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