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CHAPTER 6 - TECHNICAL ANALYSIS, TOOLS THAT USED IN TECHNICAL ANALYSIS, THE…
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THE DOW THEORY
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● proposes that stock prices move in trends
● these trends can be identified by analysing price movements of major stock markets indexex
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CONFIDENCE INDEX (CI)
- various indices that measure investor sentiment
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SUPPORT AND RESISTANCE
Support
- price level that prevents stock price from being pushed downward
- investors will buy the stock when the price touch the line support
Resistance
- a price level that prevents the stock price from moving upward
- investors will sell the stock when the prices touch the resistance line
TRADING ACTION
- It encompasses the buying and selling of various securities like stocks, bonds, commodities, or currencies.
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