Technical Analysis is the forecasting of possible future movements of price based on the past or historical records. Like other forecasting methods, it is using the past to determine the possible future, although the result may not be 100% accurate but it helps investors to anticipate what is the possible price movements ahead.
Technical Analysis is used by many investors and fund managers. It helps them on determining the trend of the market and individual stock, as well as, to determine the timing for entry and exit in their investment.
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