publication . Article . 2016

Candlestick Charting and Trading Volume: Evidence from Bursa Malaysia

Chin, C. -L; mohamad jais; Balia, S. S.; Ahmad, A. C.; Abidin, A. Z.;
Open Access
  • Published: 01 Oct 2016 Journal: Cilt: 6 Sayı: 8S (issn: 2146-4405, eissn: 2146-4405, Copyright policy)
  • Publisher: İlhan ÖZTÜRK
Abstract
Technical analysis is deemed to be a futile practice among academicians who propose efficient market hypothesis, typically the weak form market efficiency which strongly protests the application of past prices and trading volume data for prediction of future market movement. As candlestick charting is one of the oldest technical indicators for short term investment, therefore this study examines the predictability of candlestick charting with combination to trading volume for Malaysian stock market within the period of 2000 to 2014. Skewness adjusted t-test is employed to test the statistical significance of candlestick returns. After taking into account the tra...
Subjects
free text keywords: Efficient Market Hypothesis, Technical Analysis, Candlestick Charting, Reversal Patterns, efficient market hypothesis, technical analysis, candlestick charting, reversal patterns, Management. Industrial management, HD28-70, Business, HF5001-6182
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