Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A stock's price pattern shows a double top reversal pattern. After peaking at a high of $60 it fell to $55 before returning up to
A stock's price pattern shows a double top reversal pattern. After peaking at a high of $60 it fell to $55 before returning up to $59 and then declining again. The technical analyst's target price for the stock based on this pattern will be closest to:
a) $59
b) $55
c) $51
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started