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You are building out your 1 x 3 point and figure chart that is currently in a column of X's with the last X at
You are building out your 1 x 3 point and figure chart that is currently in a column of X's with the last X at $17. When you look at the high, low, close data for today you see that the high was $17.99 and the low was $14.01. The stock closed at $15.01. What do you add to the chart for today? a. A new X at $18 b. A new column of O's to the $15 level c. You add noting to the chart d. A new trend line Relative Strength is usually calculated by a. determining the amount of volume that has traded in two or more securities b. dividing the price of a security by the price of another security, index or subgroup C. dividing the price of a security by its volume d. none of the above The advance-decline line is used to indicate a. if the majority of stocks in the market are acting in concert with the major averages b. if volume trends are confirming price trends C. if the intermediate market cycle is nearing completion d. if a bull market is occurring The minimum downside projection from a head and shoulders top pattern is derived a. by estimating the length of the primary price cycle b. by measuring the distance from the penetration of the neckline by the left shoulder to the penetration of the neckline by the right shoulder and extending down from the point of penetration of the right shoulder by measuring the width of the left shoulder and subtracting that distance from the neckline d. by projecting downward from the neckline, the vertical distance from the top of the head to the neckline You are building out your 1 x 3 point and figure chart that is currently in a column of X's with the last X at $17. When you look at the high, low, close data for today you see that the high was $17.99 and the low was $14.01. The stock closed at $15.01. What do you add to the chart for today? a. A new X at $18 b. A new column of O's to the $15 level c. You add noting to the chart d. A new trend line Relative Strength is usually calculated by a. determining the amount of volume that has traded in two or more securities b. dividing the price of a security by the price of another security, index or subgroup C. dividing the price of a security by its volume d. none of the above The advance-decline line is used to indicate a. if the majority of stocks in the market are acting in concert with the major averages b. if volume trends are confirming price trends C. if the intermediate market cycle is nearing completion d. if a bull market is occurring The minimum downside projection from a head and shoulders top pattern is derived a. by estimating the length of the primary price cycle b. by measuring the distance from the penetration of the neckline by the left shoulder to the penetration of the neckline by the right shoulder and extending down from the point of penetration of the right shoulder by measuring the width of the left shoulder and subtracting that distance from the neckline d. by projecting downward from the neckline, the vertical distance from the top of the head to the neckline
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