Question: QUESTION 2 [15 marks: 18 minutes] You are considering adding a particular share to your portfolio. In the process of a detailed technical analysis of

QUESTION 2 [15 marks: 18 minutes]

You are considering adding a particular share to your portfolio. In the process of a detailed technical analysis of this stock, you produce the following:

2.1 Identify the graph given, and explain what types of information are provided and how each type of information is captured in the graph above.

(5 marks: 6 minutes)

2.2 Provide a date range for (2.2.1) a bearish interval and (2.2.2) a bullish interval.

(2 marks: 2 minutes)

2.3 Indicate clearly at which price(s) you believe support and resistance levels should be noted. Explain what these terms refer to.

(4 marks: 5 minutes)

2.4 Looking at the graph's most recent point, do you believe that now is a good time to purchase this stock? Explain your reasoning fully.

(4 marks: 5 minutes)

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