Skip to main content

Posts

Showing posts from October, 2019

About Technical Analysis

The Basics Of Technical Analysis Technical analysis as we know it today  was first introduced by Charles Dow  and the Dow Theory in the late 1800s. Several noteworthy researchers including William P. Hamilton, Robert Rhea, Edson Gould and John Magee further contributed to Dow Theory concepts helping to form its basis. In modern day, technical analysis has evolved to included hundreds of patterns and signals developed through years of research.  Technical analysts believe past trading activity and price changes of a  security  can be valuable indicators of the security's future price movements. They may use technical analysis independent of other research efforts or in combination with some concepts of intrinsic value considerations but most often their convictions are based solely on the statistical charts of a security. The Market Technicians Association (MTA) is one of the most popular groups supporting technical analysts in their investments with the Chart