Question: Alan has identified a stock pattern showing a head-and-shoulders bottom formation and its price is breaking through the neckline. What investment decision is he likely
Alan has identified a stock pattern showing a head-and-shoulders bottom formation and its price is breaking through the neckline. What investment decision is he likely to make? Sell the stock on an anticipated price breakdown. Buy the stock on an anticipated price breakout. Do nothing because this is a continuation pattern. Buy a put option on the stock
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