Exam CMT-Level-II Topic 1 Question 115 Discussion

Actual exam question for CMT Association's CMT-Level-II exam
Question #: 115
Topic #: 1

Based on the chart given below; identify the best course of action:

A. Shares are making a series of higher highs and higher lows; ROC has turned negative which is confirming the price action; should use current pullback to add to position. B. Shares are losing momentum which can be confirmed by negative divergence between price and ROC; trader should be cautious and be quick to reduce position on a violation of trendline. C. ROC has turned negative which is a sell signal; should initiate a short position. D. Negative divergence observed between price and ROC should be ignored as prices are near life time highs.

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