Technicians contend that stock prices move in trends that, Portfolio Management

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Technicians contend that stock prices move in trends that

1. Technical analysts believe that one can use past price changes to predict future price changes. How do they justify this belief?

2. Technicians contend that stock prices move in trends that persist for long periods of time. What do technicians believe happens in the real world to cause these trends?

3. Briefly discuss the problems related to fundamental analysis that are considered advantages for technical analysis.

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