If market breadth is increasing along with rise in stock indices it is a signal of
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Positive market breadth occurs when more stocks are advancing and declining afterwards. This means that bulls are not in the control of marketing momentum and helps a confirm price rise in index.
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Positive market breadth occurs when more stocks are advancing than are declining. This suggests that the bulls are in control of the market's momentum and helps confirm a price rise in the index. ... This is because price moves on larger volume are considered to be more significant than price moves on lower volume.
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