CMT-Level-I CMT Association CMT Level 1 Exam exact Exam Questions

CMT Level 1 Exam

Last Update 17 hours ago Total Questions : 503

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Question # 141

Identify the point & figure pattern highlighted below (Chart showing 3 O columns bottoming at same level):

Triple bottom

Symmetric triangle

Descending triangle

Descending triple bottom

Question # 142

The measuring technique for MOST continuation patterns implies that a price objective from the breakout point is equal to the ____ of the pattern at its broadest point.

Width

Height

None of the above

100% of prior trend

Question # 143

A point and figure chart:

Ignores time and volume

Shows opening and closing prices

Cannot be used to project price targets

Provides a clear picture of volume distribution

Question # 144

Enrique Perrago, CMT, is an analyst for a large investment management firm. Perrago issued a research report with an initial buy recommendation on Graham Airlines. The report includes an analysis using some very new and controversial methods of technical analysis, along with complete documentation as to the procedure and rationale. Ten minutes after emailing the report to his clients, Perrago buys Graham stock for his mother's account. With respect to the MTA Code of Ethics, Perrago's actions are:

Not in violation of the Code

In violation of the Code with respect to the methodology, but not the security purchase

In violation of the Code with respect to the security purchase, but not the methodology

In violation of the Code with respect to both the methodology and the security purchase

Question # 145

How would a technician utilize a support line which has been broken?

The support line now becomes a resistance line

The break in the support line would be a buy signal

A broken support line no longer has a valid technical interpretation

The support line remains a support line

Question # 146

Franklin Brown, CMT, is golfing with the CEO of Diamond Forest Company. The CEO tells Brown, "I will not be able to play golf next week because I will be traveling to investigate Southern Forest Company. We are considering a hostile takeover of Southern Forest and I need to gather more information." Two weeks later, Brown decides to buy the Southern Forest Company for his client accounts, but not for his personal account. Four weeks later, Diamond Forest engages in a hostile takeover and the Southern Forest stock rises by 30%. With respect to the MTA Code of Ethics, Brown's actions:

Violate the Code with respect to acting on the basis of inside information

Are in violation of the Code because Brown's actions benefited his clients

Are not in violation of the Code because he did not invest in his personal account

Are in violation of the Code because he waited two weeks before investing based on the information