| 期刊詳細資料 Journal detailed information |
| 作者(Author) | Tsung-Hsun Lu、Yung-Ming Shiu、 Tsung-Chi Liu |
| 篇名(Article title) | Profitable Candlesticks Trading Strategies-The Evidence from a New Perspective |
| 期刊名(Journal name) | Review of Financial Economics |
| 國際期刊(International Journal) | Econlit |
| 中文摘要(Abstrct) | |
| ABSTRCT | This paper aims to investigate the profitability of two-day candlestick patterns by buying on bullish (bearish) patterns and holding until bearish (bullish) patterns occur. Our data set includes daily opening, high, low, and closing prices of component stocks in the Taiwan Top 50 Tracker Fund for the period from 29 October 2002 through 31 December 2008. We examine three bullish reversal patterns and three bearish reversal patterns. We find that three bullish reversal patterns are profitable in the Taiwan stock market. For robustness checks, we evaluate the applicability of our results to diverse market conditions, conduct an out-of-sample test and employ a bootstrap methodology. |
| 中文關鍵字(Keyword) | |
| KEYWORD | Technical analysis、Candlestick reversal patterns、Bootstrapping |
| 卷期(Volume No) | Vol. 21 No. 2 |
| 頁數(Page number) | pp. 63~68 |
| 年份(Year) | 2012 |
| 語言(Language) | 英文 English |