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Andrews [41]
3 years ago
9

A technical analyst has been charting the price movements of ABC stock. The stock has been fluctuating in price between $63 and

$67 per share for the past 3 months. If the analyst expects a breakout through the support level, which order should be placed
Business
1 answer:
bogdanovich [222]3 years ago
6 0

Answer:

The trader should orders to buy ABC stock or take a long position to the stock.

Explanation:

The stock has been fluctuating for 3 months, hence, its value should be well analysed. Now if there is a breakout through the support level, usually with a good quarterly performance report, the stock is likely to go "bull". Buying and holding the stock is a rational decision.

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