Document Type

Journal Article

Department/Unit

Department of Economics

Language

English

Abstract

This paper focuses on the role of technical analysis in signalling the timing of stock market entry and exit. Test statistics are introduced to test the performance of the most established of the trend followers, the Moving Average, and the most frequently used counter-trend indicator, the Relative Strength Index. Using Singapore data, the results indicate that the indicators can be used to generate significantly positive return. It is found that member firms of Singapore Stock Exchange (SES) tend to enjoy substantial profits by applying technical indicators. This could be the reason why most member firms do have their own trading teams that rely heavily on technical analysis.

Publication Date

2010

Source Publication Title

Applied Financial Economics

Volume

13

Issue

7

Start Page

543

End Page

551

Publisher

Taylor & Francis

Peer Reviewed

1

DOI

10.1080/0960310022000020906

Link to Publisher's Edition

http://dx.doi.org/10.1080/0960310022000020906

ISSN (print)

09603107

Included in

Economics Commons

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