Reading the Tape
Technical analysis is the study of past market data, primarily price and volume, to forecast future price movements.
Common Indicators
- Moving Averages: Smooth out price data to identify trends.
- RSI (Relative Strength Index): Measures the speed and change of price movements to identify overbought or oversold conditions.
- MACD: A trend-following momentum indicator that shows the relationship between two moving averages.
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