Sunday, March 22, 2009
exponential moving average
dennis might be able to see reversal, hence buying signal in KNM (7164.KL), an leading oil and gas process engineering equipment provider in malaysia, it isn't only an hot company solely because of good fame in its business field, but it is being the most actively traded stock counter in bursa malaysia, most the days in a year, it has satisfying daily trading volume for technical analysis rules to be applies on it, which causes dennis to describe it as a "terrific" or "amazing" stock counter for technical analysis......
dennis is wondering why is technical analysis is so powerful in securities price prediction, to the extent that many professional analysts are applying it, or at least paying attention to it, whether they agree or disagree with technical analysis approach......
there is a big question mark in dennis' mind , but before the doubt in his mind about technical analysis approach is fading away, he is already a practitioner of technical, a junior in this field..... rather than fundamental analysis.
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