Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the purpose of a technical analysis?

April 26, 2017purpose technical analysis

0

Posted

What is the purpose of a technical analysis?

1 Answer

0

Posted

The technical analysis is a systematic approach to analyze the market developments based on historical and graphical data, which means that the technical analysis, can be used to decide whether a financial product is oversold or not. Another advantage of the technical analysis is the detection of crucial trend reversals in the markets or in connection with a product and the anticipation of new tendencies.