Technical Analysis is one of the securities analysis used to forecast the future possibilities of direction of price through the study of past market data, primarily price and volume.
The chart of the price and volume was recorded and some formula were apply to read the chart. Lot of the traders ignore the fundamental analysis and the actual nature of the company, market, currency or commodity when they trade in the market. This is because they believe all the sentimental is factor in the price and volume which cause by the human behavior.I recommend technical analysis is just a reference tools and investment still need to go back to fundamental.
Well, technician says that market's price reflects all relevant information, so their analysis looks more at "internals" than at "externals" such as news events. Price action also tends to repeat itself because investors collectively tend toward patterned behaviour, hence technicians' focus on identifiable trends and conditions.
Basically, technical looks at the price trends, moving average, indicators such as volume trend, MACD, RSI, Stochastic, DMI, Retrenchment, Support and Resistant, and so on.
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