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Some common techniques and concepts used in technical analysis.

Trend analysis: Identifying the direction of the overall market or a specific stock's price trend, such as uptrend, downtrend, or sideways movement.

Support and resistance levels: Levels where the price tends to find support or encounter resistance, indicating potential buying or selling opportunities.

Chart patterns: Recognizing specific patterns on price charts, such as head and shoulders, double tops/bottoms, triangles, and flags, which may indicate future price movements.

Moving averages: Calculating and analyzing average prices over a specific period of time to identify trend reversals or confirm existing trends.

Oscillators: Indicators that oscillate between certain levels to identify overbought or oversold conditions, helping traders determine when a price may be due for a reversal.

It's important to note that technical analysis is subjective, and different analysts may interpret the same data differently. Critics argue that technical analysis relies on historical data and patterns, which may not always be reliable indicators of future price movements. Therefore, it is often used in conjunction with fundamental analysis, which focuses on the underlying financials and prospects of a company.

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