--%>
Assignment Help - homework help

Charting of past prices

Can the charting of past prices be used to predict future prices?

E

Expert

Verified

Investors use several methods of technical analysis to predict the future prices, like candlestick chart analysis, moving average curve, etc. These methods essentially use the historic price patterns to predict the future stock price. The charting of past prices is useful because the stock market and other markets repeat themselves in predictable patterns that the trader can read the first part of a stock price pattern in order to anticipate the second. By executing well timed trades it is possible to profit from predicting stock price in this way.

   Related Questions in Microeconomics

  • Q : Price elasticity of demand on mid point

    When 900 tons of gourmet coffee beans are sold per month at $5.40 per pound but sales drop to 500 tons while its price rises to $7.20 per pound, the price elasticity of demand for that coffee based upon the mid-point or say arc formula is: (i) 2.0. (i

    		•
  • Q : Neoclassical and heterodox One of my

    One of my friends can't succeed to get the answer of this question. Provide answer of this question. Economists of neoclassical argue that goods contain just subjective (or personal) use-value dimension; heterodox economists argue that goods contain use-value and soci

    		•
  • Q : Define Surveys or Polls Surveys or

    Surveys or Polls: The word survey or poll usually describes a method of gathering information from a sample of individuals. In contrast to a census, where all members of the population are studied, surveys collect details from only a part of a populat

    		•
  • Q : Thought of economists for law of equal

    Explain different thought of economists for law of equivalent marginal advantage.

    		•
  • Q : Exploitation on resource suppliers Can

    Can someone help me in finding out the right answer from the given options. When resource suppliers are paid less than the values of their marginal products (or VMPs), they are stated to be: (i) Monopolistic. (ii) Exploited. (iii) Monopsonistic. (iv) In equilibrium.

    		•
  • Q : Official poverty rate for income

    For U.S. families official poverty rates are: (w) higher than in most other countries. (x) very similar for different types of families. (y) higher for the middle class than for lower class families. (z) lower than in most other countries if poverty i

    		•
  • Q : Example of how marginal utility

    An illustration of how marginal utility diminishes takes place when: (1) Todd only requires 180 screws for his bike repair shop however purchases a box of 200 screws. (2) Amy Sue decides she would instead contain 150 hogs than 151 on her pig farm. (3)

    		•
  • Q : Perpetuities with fixed amount of money

    A security which promises to pay a fixed amount of money annually till the issuer purchases this from an owner is termed as a: (i) present value. (ii) future value. (iii) perpetuity. (iv) residual. (v) trust fund.

  • Q : Policies for overall demanding labor

    Policies which raise the overall demand for labor and maintain unemployment rates low are: (w) significant for the success of any other programs to reduce poverty. (x) sufficient measures to reduce the incidence of poverty. (y) not relevant to the suc

    		•
  • Q : Discrimination and Efficiency When

    When firms possess market power, national output and employment are least likely to be reduced as a result of: (1) occupational discrimination. (2) human capital discrimination. (3) wage and price discrimination. (4) personal discrimi

    		•