technical correction

Technical Correction

A temporary decline in a stock's price after a series of extremely high gains. If a stock is overbought, its price often become unsustainably high and a technical correction brings it back to a level that ideally reflects its true value.

technical correction

A temporary downturn in the price of a stock or in the market itself following a period of extensive price increases. A technical correction takes place in a generally increasing market when there is no particular reason that the increases should be interrupted other than the fact that investors have temporarily slowed securities purchases.
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Technical correction could be a way but the management ruled out that possibility, mulling the fact that after bowling with the same for so many years, it is not easier for him to remodel the action.
Some experts argue that this is merely a technical correction, caused by a flurry of (https://www.fool.com/investing/general/2015/02/27/should-you-use-stop-losses-why-or-why-not.aspx) stop-loss orders .
'Investors returned to selling counters in wait for clarity on China's economic assistance to Pakistan,' JS Global Head of Research Syed Farhan Rizvi said in a comment.' Technical correction was overdue since the market had gained fix-six thousands points since Saudi Arabia announced a $6 billion financial package for Pakistan.'
'Investors returned to selling counters in wait for clarity on China's economic assistance to Pakistan,' JS Global Head of Research Syed Farhan Rizvi said in a comment to The Express Tribune.'Technical correction was overdue since the market had gained fix-six thousands points since Saudi Arabia announced a $6 billion financial package for Pakistan.'
The market since the start of the week witnessed technical correction and mostly moved in negative zone but some stocks remained in the green column on budget specific related news expected in the upcoming federal budget.
So, it's fair to say that the domestic stock market is experiencing a technical correction. Growth is getting back on track and first quarter earnings will be encouraging," said a hedge fund manager at a U.S.-based investment bank in Seoul.
"The much awaited technical correction has arrived as investors become more cautious buyers and search for more tangible reasons to justify the current market level," Noel Medina, research and finance analyst at HDI Securities Inc., said.
Malaysian palm oil futures rose on Thursday after five consecutive sessions of declines on technical correction and support from overnight gains in Chicago Board of Trade (CBOT) soyoil.
In addition, the MPs also adopted the proposed amendments to the Law on the Financial Consolidation of Enterprises in the Federation of BiH, the Law on Determining and Exercising Claims for Citizens in the Privatization Procedure, concerning the technical correction of the said laws.
The bulls are seen to take a break this week on technical correction while the shortened trading period this Lenten week will put some domestic players on holiday mode.
KARACHI -- The gold prices witnessed technical correction on future output outlook in the international and domestic market following a decline of around $30 per ounce in international market.
Summary: Pakistani stocks ended lower on Monday in what dealers said was a technical correction after the index posted hefty gains over the past weeks.
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