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Technical analysts ignore many determinants of a company's performance, including its regulatory environment, country of operations, etc.
Fellow technical analyst Mohammad Al Sdi on Wednesday calculated the DFM's support at 4,544, 6.
These patterns often signal potential reversals in the market, and provide technical analysts the rhyme and reason to open a trade.
Our Trading Academy focuses on two main areas: firstly for participants to pass the exams and become qualified technical analysts; and, secondly to get a job in the financial sector (especially in the Forex industry) as Dealers, Traders or Technical Analysts.
The overall picture is more consolidation and pull backs during the next four to five months and also more volatility," said technical analyst Mr Victor Hugo.

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