What is the definition of Technical analysis ?
- Posted on November 27, 2019
- Financial Terms
- By admin admin
Technical analysis is the technique of analyzing an asset based on the statistics of its trading pattern and history. This includes things such as:
- Candlestick Charts
- Support & Resistance Lines
- MACD
Technical analysis is used to determine where the stock is expected to head next. Meaning, stock analyst use it to examine if there is a downtrend or an upward trend depending on the stock's past performances. This is another way to see if there is value in stock other than just using the fundamentals.
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