No significant change has been noticed on the technical indicators
According to Luis Gerardo Limlingan, managing director at Regina Capital Development, technical indicators
showed that the PSEi 'actually continues to gain momentum after it broke its almost three-month consolidation phase as it trades above 7,600.
For example - if a falling price moves past a Fibonacci retracement level, it is likely to find support at the next one, and traders monitoring that level (after corroborating the validity of the signal with other technical indicators
as well) might want to place a stop-loss order for their trade at that level.
Although I use technical indicators
on a regular basis and believe they provide insight, I believe that like fundamental analysis, when used in isolation they only provide part of the story.
The net change in score came from a decrease in the liquidity, valuation and earnings momentum indicators, offset by an increase in the technical indicators
According to the firm, traders are allowed to customize their trading space, easily manage order tickets with advanced charting, and it comes preinstalled with a library of professional technical indicators
Some follow fundamental news and others use only technical indicators
Even though their technical indicators
tell them to enter the market, they stay out.
But the most useful areas for trading are technical indicators
, or indicator charts based on the main candlestick chart.
Dow theory for the 21st century; technical indicators
for improving your investment results.
Last week effectively put an end to this idea as fundamentals were again totally ignored in favour of option-related trading and poor technical indicators
for the majority of the metals.
The market is still overvalued and technical indicators
point to vulnerability, Kaufman said.