Ce cours apparaît dans les formations suivantes :
• IÉSEG > MSc in Finance > Semestre 2 > 2,00 ECTS

Pré requis

No prerequisites

Objectifs du cours

- understand the basic principles of Technical Analysis that include Dow theory, technical indicators, patterns and japanese candlesticks
- be able to recognise a trend (up or down) and identify reversals on any security (bonds, equites, commodities, forex, indexes…)
- know how to place a trade with identified target, risk limit (stop loss), risk reward ratio and size.
- go further (optional) : understand the technical analysis controversy and its relationship to market efficiency and behavioral finance
Compose constructive personal feedback and guidance
Convey powerful messages using contemporary presentation techniques
Predict how business and economic cycles could affect organizational strategy
Effectively apply in-depth specialized knowledge to take advantage of contemporary opportunities in their professional field

Contenu du cours

Technical analysis examines the practical value of two types of analysis: charting, which identifies geometric patterns in the history of prices, and technical indicators approach, which mechanically applies mathematical trading rules constructed from past and present prices (and volumes). Such approaches ignore fundamental information about the price; however, they have been shown to result in trading profitability and are widely used by banks, fund managers and hedge funds. This course is aimed at providing students with an understanding of how technical analysis is used to uncover trends and predict turning points in financial markets.

Modalités d'enseignement

Organisation du cours

Méthodes pédagogiques

• Case study
• E-learning
• Interactive class

Évaluation

Mid-term exam : understand the basic principles of Technical Analysis (what is a trend, know some chart patterns, learn vocabulary etc.)
Final exam : check if the student is able able to correctly read a chart, detect a direction on any security, make decision on the market thanks to Technical Analysis (at what price to buy/sell, price a target and estimate her/his risk). Understand that charting is a very powerfull tool. Be able to discus about this discipline to her/his future clients and colleagues using a specific vocabulary

Bibliographie

• Technical Analysis: The Complete Resource for Financial Market Technicians (Julie R. Dahlquist, Charles D. Kirkpatrick) -

• Technical analysis explained (Martin J. Pring) -

• Le chartisme (francois Baron) -

• Les chandeliers japonais (francois Baron) -

• One Good Trade (Mike Bellafiore) -

Ressources internet

• Bulkowski's (Patterns)

• Trading View (Charts)