An alternative to fundamental analysis, technical analysis is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends. Technical analysis uses little or no information about the actual business behind the stock. In its purest form, technical analysis considers only the actual price behavior of the market or instrument, based on the premise that price reflects all relevant factors before an investor becomes aware of them through other channels. Technical analysis is widely used among traders and financial professionals, and some studies say its use is more widespread than fundamental analysis… read more or contribute
