Major tools and methodologies used in technical analysis
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⭐ ANSWER :
⭐Fundamental analysis is one of the most common methods adopted by market analysts to predict future prices.
⭐Fundamental analysis concentrates on the companys financials, changes in these numbers, along with future performance forecast to arrive at an expected share price for the company.
⭐As against this, technical analysis uses existing data and previous behaviour to arrive at possible future movements of the price.
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Here is your answer ☺
⭐ ANSWER :
⭐Fundamental analysis is one of the most common methods adopted by market analysts to predict future prices.
⭐Fundamental analysis concentrates on the companys financials, changes in these numbers, along with future performance forecast to arrive at an expected share price for the company.
⭐As against this, technical analysis uses existing data and previous behaviour to arrive at possible future movements of the price.
Hope it helps you out ⭐^_^⭐
Thanks ⭐(^^)⭐
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Then there are support and resistance levels, which are lines on chart to indicate the levels at which the stock price will find some support against a drop or face resistance while moving up. Some of the other tools are Relative strength indicator, Elliot wave theory, Fibonacci lines, Williams %R etc.
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