3. Which statement is not correct statement?

A. According to Relative Strength, pricing ratio over 1 implies outperformance

B. Conservatism indicates investors are slow to update their beliefs and over-react to new information

C. Use techniques for predicting market direction based on investor sentiment, error in judgment, and/or historical price and volume behavior

D. Technical analysis attempts to exploit recurring and predictable patterns in stock prices

E. A support level is a price that the stock is unlikely to go below

4. Which one is not correct statement?

A. Technical analysis assumes that stock prices tend to move in trends that persist

B. According to Elliott Waves, you should sell on wave 2

C. Mental accounting means focusing on the purchasing price of an asset and mentally accounting unrealized gains or losses

D. Confidence Index says it is a bullish signal when confidence index getting closer to 1

E. Based on Moving Average, when prices fall below the moving average from above, it is time to sell