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Technical analysis is essential when investing in the market.
In this episode of Stocks in Translation, Markets and Data Editor Jared Blikre and Producer Sydnee Fried are joined by Patrick Dunuwila, Founder and Editor of The Chart Report.
The group explores technical analysis, or "technicals," which, as Blikre explains, "analyzes price movements and chart patterns to predict future trends."
“Ultimately… what technicals really provides you is a way to manage risk… A lot of people like to think of it as predictive,” says Dunuwila.
Having spent time on the fundamental side of the market, Dunuwila shares why he shifted to technicals.
“It [was] really just needing some sort of repeatable process… to make sure that you don't lose your shirt,” he explains. While being bullish on a position is one thing, reading the tea leaves can be tricky. “It can be really hard to know when the story changes [and when it] starts to go against you,” says Dunuwila
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The real magic happens when fundamentals and technicals align. “Technicals should kind of confirm the fundamentals over time,” says Dunuwila.
“At the end of the day, all that really matters is… where you bought at and where you sold that price.”
Twice a week, Stocks In Translation cuts through the market mayhem, noisy numbers and hyperbole to give you the information you need to make the right trade for your portfolio. You can find more episodes here, or watch on your favorite streaming service.
This article was written by John Tejada.