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Technical analysis is more concerned with the price movements of a stock or an index by examining historical records of trading activity. A technical analyst looks at past data to predict future price movements. They believe that history tends to repeat itself in the stock market and that past performance is the best indicator of what will happen in the future.
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Andrew Elder (Technical Analysis for Beginners: Candlestick Trading, Charting, and Technical Analysis to Make Money with Financial Markets Zero Trading Experience Required (Day Trading Book 3))