Series 7 - General Securities Representative Exam

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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