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.