Proponents of the efficient market hypothesis assert that technical analysts:
A) should focus on resistance levels.
B) should focus on relative strength.
C) should focus on support levels.
D) are wasting their time and money.

Question

Quizplus · Accepted Answer

The efficient market hypothesis asserts that all publicly available information is incorporated into the stock price and market movements are random and unpredictable. Therefore, technical analysis, which involves using past market data to predict future movements, is considered a waste of time and money according to the efficient market hypothesis.

Proponents of the Efficient Market Hypothesis Assert That Technical Analysts