Answered step by step
Verified Expert Solution
Link Copied!

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Recent Advances In Computational Finance

Authors: Nikolaos S. Thomaidis, Jr. Dash, Gordon H.

1st Edition

1626181233, 978-1626181236

More Books

Students also viewed these Finance questions