Docsity
Docsity

Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity


Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan


Guidelines and tips
Guidelines and tips

Technical Analysis: Understanding Market Trends, Support, Resistance and Chart Patterns, Lecture notes of Investment Management and Portfolio Theory

An introduction to technical analysis, a security analysis discipline that uses past market data to forecast future price directions. It covers the principles of market action, trends, support and resistance, and introduces various chart patterns. The document also explains the use of technical indicators such as rsi, moving average, and stochastic oscillator.

Typology: Lecture notes

2022/2023

Uploaded on 01/25/2024

phong-duong
phong-duong 🇻🇳

2 documents

1 / 57

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
pf3
pf4
pf5
pf8
pf9
pfa
pfd
pfe
pff
pf12
pf13
pf14
pf15
pf16
pf17
pf18
pf19
pf1a
pf1b
pf1c
pf1d
pf1e
pf1f
pf20
pf21
pf22
pf23
pf24
pf25
pf26
pf27
pf28
pf29
pf2a
pf2b
pf2c
pf2d
pf2e
pf2f
pf30
pf31
pf32
pf33
pf34
pf35
pf36
pf37
pf38
pf39

Partial preview of the text

Download Technical Analysis: Understanding Market Trends, Support, Resistance and Chart Patterns and more Lecture notes Investment Management and Portfolio Theory in PDF only on Docsity!

Principles

Market action discounts everything

• All information is already reflected by prices

Prices move in trends

• Markets trend up, down, or sideways (flat)

History trends to repeat itself

• Investors collectively repeat the behavior of the investors that

preceded them

Candlestick

DOW THEORY

The market has three

trends

- Up trend, Down trend and

Sideway

- A trend has 3 parts: primary,

secondary

and minor

November December2003 February March April May June July August September October November 2004 February March April May June V

SET (591.480, 614.990, 591.480, 614.990, +32.4800), pp (Dow 30) :: Retrace (2 Plots) *, pp (Dow 30) :: Fibonacci Ladder *, pp (Dow 30) :: Fibonacci Ladder *

Uptrend

Sideways Trend

  • Time on a chart where prices lay flat or move

within a well - defined trading range. (or we

call that range bounce)

Can profit from the

clear lines of support

and resistance, which

allows them to manage

their risk.

What is support & resistance ???

  • Support is the level at which demand for the stock is strong enough to keep the stock from dropping any further
  • Resistance is the price level at which the selling pressure is strong enough to prevent the stock from rising further

Support and Resistance

Support and Resistance

Introduction to Chart Patterns

Chart Patterns - Head and Shoulders Top (Reversal)