Series 7 - General Securities Representative Exam
Preview Mode
A technical trader is forecasting higher prices but doesn't want to buy too high. What might he use for basis of his long entry?
Forward Guidance
A
Earnings Release
B
Trendline Resistance
C
Trendline Support
D
Explanations
Trendline support could be an entry point to enter a long (buy) an underlying asset. Resistance is upper resistance - think a price wall above the current price. support levels are zones where the asset has found buyers before. Technical traders are not concerned with A & B
Pricing
Basic
Part of the questions for each course
-
- Course
- Questions
-
- SIE
- 20 of 150
-
- Series 6
- 30 of 500
-
- Series 7
- 50 of 625