Numerous studies in the finance literature have investigated technical analysis to determine its validity as an investment tool. This study investigates the predictability of technical indicators in stock market. The study focused on the Malaysian stock market using the data that collected from June 1st 2005 until 31st December 2005. The study only considers the Demark Projection (DP) method, which is one of Pivot point rules. It's expected the highest and lowest projection futures prices. This study used Paired Sample Test to find the significant different between mean of each projection price generated using formulas by Tom Demark. DP indicator is used as the subject of testing because its use to predict the share prices for the next trading day. From the finding, it is found that the real prices and projection prices calculated are indifferent from each other. Therefore it can be concluded that DP method is the best indicator to predict future prices in Malaysian stock market.
| Item Type: | Student Project |
|---|---|
| Creators: | Creators Email / ID Num. Mad Salih, Hanam 2004237004 |
| Contributors: | Contribution Name Email / ID Num. Thesis advisor Jaafar, Muhamad Sukor UNSPECIFIED Thesis advisor Ibrahim, Zin UNSPECIFIED |
| Subjects: | H Social Sciences > HG Finance > Investment, capital formation, speculation H Social Sciences > HG Finance > Investment, capital formation, speculation > Stock price indexes. Stock quotations |
| Divisions: | Universiti Teknologi MARA, Johor > Segamat Campus > Faculty of Business and Management |
| Programme: | Bachelor of Business Administration (Hons) Finance |
| Keywords: | Stock price, trading |
| Date: | 2006 |
| URI: | https://ir.uitm.edu.my/id/eprint/74446 |
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- Bilik Penyelidikan dan Harta Intelek | PTDI | Segamat
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