Technology has not only allowed investors to trade online, but has provided them with the tools needed to analyze stocks like the pros. In fact, technical analysis has become more popular than ever over the last several years. Traders evaluate past price movements to help forecast a security’s future price.
Fundamental analysis, the alternative method of stock evaluation, relies on a stock’s intrinsic value and requires a broader understanding of industry conditions and how companies are managed. But how do investors look at the data, and what exactly are the advantages of technical analysis?
