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Word of the Day
The art of analysing share price graphs to spot investment opportunities by looking for patterns and users indicators to attempt to predict future trends. Although based on historical analysis they frequently, if interpreted correctly, are accurate in their predictions. Pattern examples include Head & Shoulders, Dead Cat Bounce and Moving Average, while the most common short-term indicators, of which there are many include momentum, relative strength, overbought oversold, convergence divergence and moving average. Its devotees claim it's an excellent way of spotting the best times to invest. Its critics dismiss it as no more than financial tea-leaf reading.
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