The technicians believe that markets are efficient, and therefore have absorbed them in to the price of their stock. They are certain that prices move according to trends, and they believe that history will repeat itself.
Unlike other strategies, technical analysis is stock investing advice that is not based on the overall or underlying value of a particular company. Many technicians make money investing in companies about which they know very little.
They are not concerned with the company’s management team or leadership, they could care less about the business model of a firm or the competition they are challenging. All they consider is trends as shown by past stock performance
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