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Technical analysis is a method of forecasting future price movements through the study of past market data. It contrasts with the fundamental analysis of the factors influencing supply and demand for shares, currencies or commodities and is based solely on price and volume information. Technical analysts, also known as technicians or chartists, try to identify price patterns and trends in financial markets and exploit them. They search for chart patterns such as head and shoulders or double top reversal patterns, study indicators such as moving averages and look for chart support and resistance levels. Major investment banks and brokerages normally employ technical as well as fundamental analysts.
See also: Candlestick Chart, Bar Chart, Point and Figure Chart, Channel Lines, Chart Pattern