Which of the following are true regarding technical analysis? 1. The width of Bollinger Bands...
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Finance
Which of the following are true regarding technical analysis?
1. The width of Bollinger Bands will help to determine the direction of the market. When the bands is narrow, it indicate the chance of price going up is increased.
2. Using RSI to sell when it is above 70 and buy when it is below 30 is a trend following strategy.
3. When an ATR (Average True Range) suddenly drops, it means the stock becomes more stable and therefore it is safer time to buy.
A. Only 1
B. Only 2
C. 1 and 2 are true
D. 2 and 3 are true
E. None of the above
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