Technical Analysis is a methodology that studies patterns in historical market behavior of securities to identify future trends and to make predictions. It is basically the skillful analysis of forces of supply and demand in the market to determine price trend direction.
Technical Analysis does not guarantee an absolute price prediction but rather gives clues to investors as to what direction price trend may take overtime- This is applicable to stocks, indices and other tradable instruments where prices are influenced by forces of demand and supply. It is important to understand the fact that historical price patterns will influence and help predict future price activities. It is important to study and identify the direction of security trend and trend line pattern. Trend refers to the the overall direction in which the securities pattern is generally headed at the particular period in study. We have three different directions a trend pattern may take:
➺ Upward Trend
➺ Downward Trend
➺ Sideways/ horizontal trend
➺ Trend can also be classified in terms of length or duration of study period.
➺ *Short term trend- This is the study of trend pattern for a period less than one month
➺ *Intermediate term trends- This studies trend patterns for a period of one to three months
➺ *Long term trend- This studies trends that occur for a time frame longer than one year.
➺ When analyzing trends, It is important that the chart reflects the type of trend being analyzed.
➺ A trend line is simply a charting technique where a line is added to a chart to represent the trend pattern in the market.
This refers to the current market condition prevalent at the time one intends to trade.
It is essential one understands what one potentially stands to gain and the overall risk factor of the trade.
This explains the reason for the current trend direction. It is essential to identify the particular factor influencing the current securities trends and trend line pattern. This factor may be either one or combination of any of the following: -The threat of decrease in supply may force buyers to buy at higher prices thus leading to price increase, a fresh inflow of supply on the other hand, would increase available stock and most likely reduce price.
A Pharmacy Technician is an healthcare specialist who works under the direct supervision of a licensed Pharmacist. A pharmacist is an healthcare provider who is skilled in the field of health sciences focusing on the safe and effective use of medications.
A Pharmacy Technician is quite different from a Pharmacist and so are their respective roles and responsibilities -one must not be confused with the other. A pharmacy technician may be referred to as the Assistant to a Licensed Pharmacist, carrying out several clerical and pharmacy related functions.
The DO’s and DONT’s of a Pharmacy Technician are listed below: