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technical analysis (Read 5453 times)
manoj87
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technical analysis
Jun 8th, 2009 at 7:19pm
 
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Technical analysis is a security analysis discipline for forecasting the future direction of prices through the study of past market data, primarily price and volume.[1] In its purest form, technical analysis considers only the actual price and volume behavior of the market or instrument. Technical analysts may employ models and trading rules based on price and volume transformations, such as the relative strength index, moving averages, regressions, inter-market and intra-market price correlations, cycles or, classically, through recognition of chart patterns.
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