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Essay Details:
Essay text:
In fact the decision made on the basis of
technical analysis is done only after inferring a trend and judging the future movement of
the stock on the basis of the trend. Technical Analysis assumes that the market is efficient
and the price has already taken into consideration the other factors related to the company
and the industry. It is because of this assumption that many think technical analysis is a
tool, which is effective for short-term investing.
History of Technical Analysis:
Technical Analysis as a tool of investment for the average investor thrived in the late
nineteenth century when Charles Dow, then editor of the Wall Street Journal, proposed
the Dow theory...
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