What is the definition of Technical analysis ?

Technical analysis is the technique of analyzing an asset based on the statistics of its trading pattern and history. This includes things such as:

  • Candlestick Charts
  • Support & Resistance Lines
  • MACD

Technical analysis is used to determine where the stock is expected to head next. Meaning, stock analyst use it to examine if there is a downtrend or an upward trend depending on the stock's past performances.  This is another way to see if there is value in stock other than just using the fundamentals. 

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