Question 5 (25 marks) a. What are support and resistance levels? b. What is the advance-decline line? What does it tell the technician? C. Day 1 2 3 No. of Stocks rising in price 350 275 260 No. of stocks Falling in price 150 225 240 Volume of stocks rising 850million 450million 850million Volume of stocks falling 420million 725million 420million (5 marks) d. Explain the concept of moving average and how it aids decision making. (5 marks) Use the trin index to determine which of the three days would be considered most bullish. (9 marks) (3 marks)

a. What are support and resistance levels? (5 marks) b. What is the advance-decline line? What does it tell the technician? (5 marks) c. Use the trin index to determine which of the three days would be considered most bullish. (9 marks) d. Explain the concept of moving average and how it aids decision making