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Candlestick Charting and Trading Volume: Evidence from Bursa Malaysia

Yıl 2016, Cilt: 6 Sayı: 8, 153 - 165, 01.10.2016

Öz

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 transaction costs and also out-of-sample test as robustness checking, the findings show that only bullish reversal patterns prior to trend are profitable for investors while most of the bearish reversal patterns have shown significant predictive power both before and after trend. The effective holding period for candlestick reversal patterns tend to accumulate around 10-day to 15-day holding period.

Yıl 2016, Cilt: 6 Sayı: 8, 153 - 165, 01.10.2016

Öz

Toplam 0 adet kaynakça vardır.

Ayrıntılar

Diğer ID JA86NS78UA
Bölüm Araştırma Makalesi
Yazarlar

Chee-ling Chin Bu kişi benim

Mohamad Jais Bu kişi benim

Sophee Sulong Balia Bu kişi benim

Ayoib Che Ahmad Bu kişi benim

Azlan Zainol Abidin Bu kişi benim

Yayımlanma Tarihi 1 Ekim 2016
Yayımlandığı Sayı Yıl 2016 Cilt: 6 Sayı: 8

Kaynak Göster

APA Chin, C.-l., Jais, M., Balia, S. S., Ahmad, A. C., vd. (2016). Candlestick Charting and Trading Volume: Evidence from Bursa Malaysia. International Review of Management and Marketing, 6(8), 153-165.
AMA Chin Cl, Jais M, Balia SS, Ahmad AC, Abidin AZ. Candlestick Charting and Trading Volume: Evidence from Bursa Malaysia. IRMM. Ekim 2016;6(8):153-165.
Chicago Chin, Chee-ling, Mohamad Jais, Sophee Sulong Balia, Ayoib Che Ahmad, ve Azlan Zainol Abidin. “Candlestick Charting and Trading Volume: Evidence from Bursa Malaysia”. International Review of Management and Marketing 6, sy. 8 (Ekim 2016): 153-65.
EndNote Chin C-l, Jais M, Balia SS, Ahmad AC, Abidin AZ (01 Ekim 2016) Candlestick Charting and Trading Volume: Evidence from Bursa Malaysia. International Review of Management and Marketing 6 8 153–165.
IEEE C.-l. Chin, M. Jais, S. S. Balia, A. C. Ahmad, ve A. Z. Abidin, “Candlestick Charting and Trading Volume: Evidence from Bursa Malaysia”, IRMM, c. 6, sy. 8, ss. 153–165, 2016.
ISNAD Chin, Chee-ling vd. “Candlestick Charting and Trading Volume: Evidence from Bursa Malaysia”. International Review of Management and Marketing 6/8 (Ekim 2016), 153-165.
JAMA Chin C-l, Jais M, Balia SS, Ahmad AC, Abidin AZ. Candlestick Charting and Trading Volume: Evidence from Bursa Malaysia. IRMM. 2016;6:153–165.
MLA Chin, Chee-ling vd. “Candlestick Charting and Trading Volume: Evidence from Bursa Malaysia”. International Review of Management and Marketing, c. 6, sy. 8, 2016, ss. 153-65.
Vancouver Chin C-l, Jais M, Balia SS, Ahmad AC, Abidin AZ. Candlestick Charting and Trading Volume: Evidence from Bursa Malaysia. IRMM. 2016;6(8):153-65.