TRUE or FALSE

1. The candlestick's wide or rectangle part is called the "real body" which shows the link between opening and closing prices.
2. Candle charts use the same open, high, low, and close data as the traditional western bar chart.
3. A Green or White Candlestick states that the opening price is lower than the closing price.
4. A Red or Black Candlestick indicates that the opening price is lower than the closing price.
5. The term "harami" means pregnant in Japanese.
6. Munehisa Homma developed the concept of candlestick charting.
7. MACD basically attempts to determine whether the current sentiment is positive or negative by comparing a short-term average, typically 12 days, against a longer-term average, typically 26 days.
8. Leading indicators usually do not work when the price of a stock is trending because they tend to sustain movement either above overbought or below oversold levels instead of oscillating between them, thus, giving no clear buy or sell signals.
9. In the calculation of Weighted Moving Average (WMA), weights are assigned to moving averages so that more recent data is given the same significance as old data.
10. In the calculation of Simple Moving Average (SMA), weights are assigned to moving averages so that more recent data is given more significance as old data.
11. The MACD histogram is negative when the MACD is above its nine-day EMA and positive when the MACD is below its nine-day EMA. If prices are rising, the histogram grows larger as the speed of the price movement accelerates, and contracts as price movement decelerates.
12. Oscillators are technical indicators that oscillate between a local minimum and maximum and are plotted above or below a price chart.
13. Divergence happens when the price is moving in the opposite direction of a technical indicator. This indicates that there is a possibility that the momentum will change.
14. Leading indicators work most of the time, when the price chart being analyzed is non-trending.
15. Lagging indicators work most of the time, when the price chart being analyzed is trending.
16. The signal line is a 9-day EMA of the MACD Line. As a moving average of the indicator, it trails the MACD and makes it easier to spot MACD turns that enable traders to create justified action plan.
17. Moving average convergence divergence (MACD) is a trend-following momentum overlay indicator that shows the relationship between two moving averages of a security's price.
18. When the RSI moves above the horizontal 30 reference level, it is viewed as a bearish indicator. Conversely, an RSI that dips below the horizontal 70 reference level is viewed as a bullish indicator.
19. Volume, or trading volume, is the number of shares or contracts that were traded during a given period of time. Generally, the volume shows the interest of buyers and sellers that is translated in the chart. This helps traders to interpret the possible momentum based on the imbalance of buyers vs sellers.
20. The 50% line in the Stochastic Oscillator may serve as a support or resistance line.
21. Lagging indicators usually do not work when the price of a stock is moving sideways because they tend to give numerous unprofitable buy and sell signals.
22. Overlay technical indicators that use the same scale as prices are plotted over the top of the prices on a stock chart. Examples include moving averages and Bollinger Bands.
23. The relative strength index is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset.
24. An Ichimoku chart is a trend-following system with an indicator similar to the moving averages.
25. With an Ichimoku chart, a negative trend is anticipated when the base line rises over the conversion line.