Trading Rules for the Abu Dhabi Stock Index

Metghalchi Massoud and Garza-Gomez Xavier
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Metghalchi Massoud: University of Houston-Victoria
Garza-Gomez Xavier: University of Houston-Victoria

Review of Middle East Economics and Finance, 2011, vol. 7, issue 1, 52-66

Abstract: In this article, we investigate technical trading rules using data from the Abu Dhabi stock market. Empirical evidence shows that technical rules have predictive power and can discern recurring price patterns in the Abu Dhabi stock market, which suggests that traders can exploit this predictive power and design profitable strategies to beat the buy and hold strategy even after considering transaction costs.

Keywords: technical analysis; Efficient Market Hypothesis (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (2)

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DOI: 10.2202/1475-3693.1342

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