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Some Recent Research Shows Technical Analysis May Have Some Value

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Some recent research shows technical analysis may have some value.For example,Brown and Jennings (1989) show investors can learn something about other investors by observing prices at which securities trade - i.e.,prices reveal information and convey it.What other kinds of today's models open up the possibility of profitable trading strategies using technical analysis?

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Definitions:

Third-party Beneficiaries

Individuals or entities that are not part of a contract but stand to benefit from its execution.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to standardize and simplify the laws across states.

Recognize

To acknowledge or formally accept something as valid, true, or significant.

Injured

The state of being harmed or damaged, physically, financially, or legally, due to another's acts or omissions.

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