Alanazi, Ahmed S.; Alanazi, Ammar S. - In: Cogent economics & finance 8 (2020) 1, pp. 1-21
is a large burden on profitability. Overall, our evidence suggests that technical analysis could generate excess returns … and that the profitability of technical analysis cannot be explained by market inefficiency. Rather, the evidence is … consistent with that on the link between the efficiency and profitability of technical analysis. …