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Questions and Answers
Support can never turn into resistance in trading.
Support can never turn into resistance in trading.
False
Volume is not a reliable indicator to assess the intensity of market movements.
Volume is not a reliable indicator to assess the intensity of market movements.
False
Fibonacci retracement levels are vertical lines on a stock chart.
Fibonacci retracement levels are vertical lines on a stock chart.
False
Bulls get tired after a downward leg in the stock's journey.
Bulls get tired after a downward leg in the stock's journey.
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A strong trend ensures that a falling stock finds resistance.
A strong trend ensures that a falling stock finds resistance.
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RSI stands for Relative Strength Index and is used to measure the speed and change of price movements.
RSI stands for Relative Strength Index and is used to measure the speed and change of price movements.
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Breakout occurs when a stock price moves below a key support level.
Breakout occurs when a stock price moves below a key support level.
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Fibonacci retracement levels indicate where support and resistance are likely to occur in stock price movements.
Fibonacci retracement levels indicate where support and resistance are likely to occur in stock price movements.
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Volume is not relevant for understanding the genuineness of candlestick patterns.
Volume is not relevant for understanding the genuineness of candlestick patterns.
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Resistance can never turn into support in technical analysis.
Resistance can never turn into support in technical analysis.
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