This entry was posted on Wednesday, October 15th, 2008 at 6:03 pm and is filed under Introduction to Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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Technical analysis is often compared to Fundamental Analysis, which also tries to predict share price but on the basis of company assets, the general health of the company and other factors such as the amount of competition in the market that a company faces. Technical analysis, on the other hand, is concerned only with the behaviour of the market: The market’s opinion of a particular company is more important than that company’s underlying worth. The theory is that all the information about the company that you need to predict its share price is already encoded in that price in some way.
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