How important is technical analysis when deciding to invest in a stock, and

Posted by stockmarketupdates
6
Oct 24, 2024
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Technical analysis plays a crucial role in stock investing, especially for those looking to make short-term or mid-term gains. By analyzing price charts, patterns, and various indicators like moving averages, RSI, and MACD, investors can gauge market sentiment and predict future price movements. While fundamental analysis looks at the financial health and long-term prospects of a company, technical analysis focuses on timing—helping investors decide when to enter or exit a stock.

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