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All of the following statements describe the main features of technical anahysis, EXCEPT: a) the interpretation of various chart formations for stock price movements is
All of the following statements describe the main features of technical anahysis, EXCEPT: a) the interpretation of various chart formations for stock price movements is highly subjective. b) technical analysis can become a self-fulfilling prophecy if investors believe that certain market formations or indices truly indicate a decline or rise in the market. c) an investor who follows technical analysis will likely carry out more trades when trying to anticipate market movements, resulting in higher brokerage fees. d) technical analysis provides investors with a consistent and reliable approach, and a high level of comfort anticipating market and stock movements
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