A TRADER DETERMINES THAT A STOCK PRICE FORMED A PATTERN WITH A HOR...

36. A trader determines that a stock price formed a pattern with a horizontal trendline that connects the

high prices and a trendline with positive slope that connects the low prices. Given the pattern formed

by the stock price, the trader will most likely:

A. purchase the stock because the pattern indicates a bullish signal.

B. avoid trading the stock because the pattern indicates a sideways trend.

C. sell the stock because the pattern indicates a bearish signal.