publication . Article . 2014

Can Technical Analysis Signals Detect Price Reactions Around Earnings Announcement?: Evidence from Indonesia

dedhy sulistiawan;
  • Published: 01 Jan 2014
Abstract
This study examines whether technical analysis signals can detect price reactions before and after earnings announcement dates in Indonesian stock market. Earnings announcements produce reactions, both before and after the announcements. Informed investors may use private information before earnings announcements (Christophe, Ferri and Angel, 2004; Porter, 1992). Using technical analysis signals, this study expects that retail investors (uninformed investors) can detect preannouncements reaction. Technical analysis is selected because it is a powerful strategy, especially in developing stock market (Fifield, Power, and Sinclair.2005; Ahmed, Beck, and Goldreyer, ...
Subjects
free text keywords: Technical Analysis, Earnings Announcements, jel:M41, jel:G14, Technical analysis, Financial economics, Earnings response coefficient, Private information retrieval, Price reaction, Earnings, Stock market, Business
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publication . Article . 2014

Can Technical Analysis Signals Detect Price Reactions Around Earnings Announcement?: Evidence from Indonesia

dedhy sulistiawan;