More Examples
“TA doesn’t work!”
“Technical Analysis is about reading candlesticks and other chart indicators.”
“The technicals on this chart are amazing.”
Definition(s) from the Web
- In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. Behavioral economics and quantitative analysis use many of the same tools of technical analysis, which, being an aspect of active management, stands in contradiction to much of modern portfolio theory. The efficacy of both technical and fundamental analysis is disputed by the efficient-market hypothesis, which states that stock market prices are essentially unpredictable, and research on technical analysis has produced mixed results. As such it has been described by many academics as pseudoscience. Source
