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Understanding Momentum in Investment Technical Analysis
book

Understanding Momentum in Investment Technical Analysis

by Michael C. Thomsett
June 2019
Intermediate to advanced content levelIntermediate to advanced
146 pages
3h 15m
English
Business Expert Press
Content preview from Understanding Momentum in Investment Technical Analysis

Part I

The Theory of Overbought and Oversold

CHAPTER 1

Momentum in the Concept of Technical Analysis

Overview: The science of technical analysis is based on estimates, an understanding of probability, and articulation of how current price patterns may translate to future price movement. Because it is an inexact science, technical analysis has been criticized as invalid or unreliable. However, when the alternatives are considered—namely, accepting market averages as the best possible outcome—technical analysis has been demonstrably legitimized time and again.

The purpose behind a range of analyses collectively termed “technical analysis” is to accomplish three goals. First, technical signals define the most recent price behavior and its associated ...

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Publisher Resources

ISBN: 9781949991635