CMT Association CMT Level II Exam CMT-Level-II Question # 28 Topic 3 Discussion

CMT Association CMT Level II Exam CMT-Level-II Question # 28 Topic 3 Discussion

CMT-Level-II Exam Topic 3 Question 28 Discussion:
Question #: 28
Topic #: 3

A security has just broken out of its trading range to the upside. Over the course of the next 2 days, it rises an additional 5% from the point of the breakout. It then returns to its prior resistance line, before continuing the uptrenD. What term best describes this phenomenon?


A.

Failure


B.

Shortfall


C.

Throwback


D.

Premature Breakout


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