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Consider the following scenarios. Scenario 1. On November 22, the stock price of ABC stock was $70 and the S\&P 500 stock index was at 4,682. On November 25, the stock price of ABC stock was $75 and the S\&P 500 stock index was 5,000 . Scenario 2. Stock ABC traded for several months at $50 and then fell to $45. Consider the following statements. I. A technical analyst would recommend buying ABC stock on the basis of the relative strength indicator. II. A technical analyst would recommend short-selling ABC stock if it trades at a price of $50 on the basis of its resistance level. Which of the following is correct? a. Statement I is correct, Statement II is incorrect. b. Statement I is incorrect, Statement II is correct. c. Statements I and II are correct. d. Statements I and II are incorrect