Can The Use of Technical Analysis in Emerging Markets be Profitable?

To date, research on the practice of share valuation process is scarce; this book investigates the extent to which investors use technical analysis when valuing shares; it examines the technical indicators studied and the sources of technical information employed. Further, it compares the valuation methods (fundamental,technical and risk analyses) and information employed by Kuwaiti investors with those used by investors in developed and emerging markets. This book should be of interest to academics, practitioners and governments who want to understand how emerging markets behave. Academics might benefit from this work in developing their own research. Practitioners using trading rules can use the results in this book to identify profitable opportunities. Further, this work offers international investors the opportunity to consider diversification into an emerging market.Finally, it might assist policy-makers in developing countries such as Kuwait with understanding the context of the country and the behaviour of local investors; it might, therefore,lead them to consider regulatory changes which could improve the level of the efficiency of their stock market.

Autorentext

Hesham I. Almujamed, PhD: Obtained his doctorate from the University of Dundee (UK). He is currently assistant professor in Accounting & Finance at Accounting Department, PAAET (Kuwait). He is a member of the British Accounting and Finance Association and has publications in several local and international journals.