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No proof that technical analysis works, but that doesn't bother users
No proof that technical analysis works, but that doesn't bother users
Technical analysis to determine whether a share is worth buying. Major parties such as banks and asset managers have mixed feelings about the methodology. Can you predict prices based on past price movements, or is this pseudoscience? 'There is little evidence that it works and little reason to expect predictable patterns in prices', says finance professor Marno Verbeek of RSM. You can never rely on technical analysis alone, he argues.