In technical analysis,when the lower points of a rising price series are connected this is a:
A) downward trend line.
B) moving average.
C) upward trend line.
D) weighted moving average.

Question

Quizplus · Accepted Answer

When the lower points of a rising price series are connected, it forms an upward trend line, which indicates a bullish trend. A downward trend line is formed by connecting the higher points of a falling price series, which indicates a bearish trend. A moving average is a calculation of the average price over a specified period of time, which helps to smooth out price fluctuations and identify trends. A weighted moving average places more weight on recent prices, while a simple moving average treats all prices equally.

In Technical Analysis,when the Lower Points of a Rising Price