The use of Japanese Wax in Ready stock Market to help in reducing investment per shares
THE IRAQI MAGAZINE FOR ADMINISTRATIVE SCIENCES,
Volume 4, Issue 22, Pages 103-124
AbstractThe present study sheds the light on one of the important technical styles used efficiently in stock markets. A sample of four companies registered in Amman stock market has been chosen. These companies are representatives of all Jordanian economic sects .
The study covers the task there months of 2006. The programmer MATLAB 7,O has been conducted to carry out the analysis of the study .
It is hypothesized that the Japanese wax style helps those working in the stock market in reading the movement and direction of the prices of shares, which would decrease risks and increase profits.
The study concludes the following :
1- The Japanese wax maps are considered on important tool in technical analysis if it correctly read . Sometimes they are not dependable in making a certain viewpoint concerning prices . Dealers in stock markets are advised to adopt more than one style to build a clear strategy for investment.
2- Some shares of the sample might be reflexive wether optimistic ,that is to say ,when the share goes up it will reflect and goes down and vice versa. This would enable dealers to use it when it when analyzing the movement of the prices of the companies shares .
3- Some shares are continuous ,that is when the price of the share goes up .it will continue going up .and when it goes down it will keep on going down .This trend might be repeated in the future for the prices of some of some of the companies shares .chance. it is probable to depend on it as a guide in the investment processor .
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