Question: Suppose that a stock has been falling for weeks and finally drops to the level of it 200-day moving average. According to technical analysis what
Suppose that a stock has been falling for weeks and finally drops to the level of it 200-day moving average. According to technical analysis what would be more likely to happen next? A drop further below its 200-day moving average or bounce back above this average? How would a follower a technical analysis interpret each of these scenarios
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