Technical analysts in the financial markets are those who
A) believe that markets always operate efficiently.
B) look for stocks to buy based on the degree to which the company is investing in technology.
C) argue that a careful study of past prices of a given stock conveys useful information about future prices.
D) base their analyses on the current state of the macroeconomy.

Question

Quizplus · Accepted Answer

Technical analysts believe that past prices and trends can be analyzed to predict future prices. They do not base their analyses on the current state of the macroeconomy, nor do they necessarily look for stocks based on investment in technology. They also do not necessarily believe that markets always operate efficiently.

Technical Analysts in the Financial Markets Are Those Who