15. Under the random walk hypothesis, it is believed that ___________.

Select one:

a.support levels and resistance lines, when combined with basic chart formations, would result in buy and sell signals.

b.traders can earn higher than normal returns by exploiting market anomalies

c.the price movements of stocks are unpredictable, as such, security analysis will not help to predict future market behaviour.

d.security analysis is the best tool when investing in the stock market.

16. Weak form efficiency ___________.

Select one:

a.supports the use of technical analysis

b.focuses on price and volume information

c.incorporates semi-strong form efficiency

d.focuses on fundamental analysis

17. Under the concept of technical analysis, the _______ level is the level or price above which a stock or market as a whole is likely to remain.

Select one:

a.corrective

b.support

c.resistance

d.optimal

18. When the market breaks through the moving average line from below, a technical analyst would suggest that, it is a good time to ______ the stock.

Select one:

a.buy

b.hold

c.sell

d.short sell

18. When the market breaks through the moving average line from below, a technical analyst would suggest that, it is a good time to ______ the stock.

Select one:

a.buy

b.hold

c.sell

d.short sell