Charts Used in Technical Analysis

Florin Cornel Dumiter () and Florin Marius Turcaș ()
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Florin Cornel Dumiter: Vasile Goldis Western University of Arad
Florin Marius Turcaș: Romanian Valuators Association

Chapter Chapter 4 in Technical Analysis Applications, 2023, pp 71-89 from Springer

Abstract: Abstract In this chapter, we dive into the essence of technical analysis: a brief overview of chart types and their usefulness; automated trading systems; relevant chart points to automate their interpretation; and the order of charts in technical analysis. It seems simple to look at a chart. But we will also interpret splits, capital increases, the influence of dividends and news. We’ll show why comparative charts can be misleading, explain false confirmations, and understand divergences between indicators. Look at the following image ( finviz.com ). It graphically shows the evolution of the main blue chips in the US market. You can immediately see how they have evolved and decide which ones you are interested in. All the data can easily be entered into a computer, but how will it be able to discern which stock is more interesting? In fact, the question is: “What are we making him look at?” “What do we find really interesting about a chart?”

Keywords: Non-systemic risks; Intermarket analysis; Modern portfolio theory; Investment options; Securities (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-27416-9_4

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DOI: 10.1007/978-3-031-27416-9_4

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