Understanding Momentum in Investment Technical Analysis by Michael C Thomsett

Understanding Momentum in Investment Technical Analysis by Michael C Thomsett

This book explains and demonstrates the concept of momentum in chart analysis, which is of great interest to technical analysts.

It includes complete explanations of overbought and oversold, where momentum fits in the broader science of technical analysis, and the importance of moving average crossover. Five major momentum oscillators are explained in depth: relative strength index, MACD, rate of change, stochastics, and Bollinger Bands. Finally, the book provides trading guidance based on momentum, involving coordination of oscillators with other indicators, reversal, and continuation signals.

Momentum powerfully identifies the strength and speed of price movement. Through the use of index calculations, momentum is effective when used as a confirming indicator for other signals found in price, volume, or moving averages. Often overlooked by traders focused solely on price reversals or continuation signals, momentum provides a context to price behavior and to the price trend, and can vastly improves the timing of both entry and exit of trades.

Michael C. Thomsett is an expert in technical analysis and stock markets. He has published dozens of books on the topic as well as peer-reviewed papers, magazine articles, and blog entries.

SKU	Unavailable
ISBN 13	9781949991628
ISBN 10	1949991628
Title	Understanding Momentum in Investment Technical Analysis
Author	Michael C Thomsett
Condition	Unavailable
Binding Type	Paperback
Publisher	Business Expert Press
Year published	2019-06-30
Number of pages	146
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.