Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

13. The 7 days moving average of stock is found at OMR 1.254 and the stock is currently trading at OMR 1.480. What can be

13. The 7 days moving average of stock is found at OMR 1.254 and the stock is currently trading at OMR 1.480. What can be expected about the price of share in the near future?
A. Likely to fall
B. Likely to rise
C. Will be the same
D. May reverse the trend

14. During a period of observation, the stock prices of a company was found to be between $ 124 and $188. Determine the Fibonacci retracement levels assuming an
A. Upward Trend
B. Downward Trend

Determine the Extension, Resistance and Support Levels in each case

15. The stock price of company moved between OMR 1.200 and 2.300 during a period observed. If there a downward trend is assumed, determine the Fibonacci retracement levels.
16. The equity shares of a company fluctuated 20 percent from an average of OMR 1.500. Determine the Fibonacci retracement levels and identify the resistance, support and extension level if an upward trend is assumed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions