Bridge over ocean
1 July 1966 Financial Analysts Journal Volume 22, Issue 4

Conceptual Foundations of Technical Analysis

  1. Robert A. Levy

Technical analysis, far from being a mystical approach to security price forecasting, does have conceptual and theoretical foundations. This article will attempt to set forth the principles underlying technical analysis, to present a critique of the intrinsic value approach, and to discuss briefly the implications of the theory of random walks.

Read the Complete Article in Financial Analysts Journal Financial Analysts Journal CFA Institute Member Content

We’re using cookies, but you can turn them off in Privacy Settings.  Otherwise, you are agreeing to our use of cookies.  Accepting cookies does not mean that we are collecting personal data. Learn more in our Privacy Policy.