What is stock technical analysis?

If you are "short term" investor (trader) waiting for market sentiment to change, then technical analysis will help you to timing the market and make a decision on when to buy and when to sell.

Technical Analysis is a method used to study stocks price historical performance statistics and predict  how they will perform in future by discards the company fundamental stated in financial statements, market news, economic, politic etc... Base on technical analysis theory, technical analyst believes that the market prices reflects all the investors opinions, any information regarding that particular stock and all public and insider information in the market. That's why only study of price is require. They also believes that stocks movement in trends and the trends continue on until something happen to change the trend, before this changes happens, stock price are predictable. Technicians, chartists or market strategists, believe that history tends to repeat itself. Technical analyst assume that the investor emotions does not change, investor will react in a similar way under certain circumstances where they did it in the past, thus result in the stock princes movement are likely to be the same as well.

Market timing is one of the technical analysis that target to identify major market turning points. Volume study, Moving average, technical indicators, line charts over certain time period also fall under the scope of technical analysis.

The major assumption of technical analysis is stock market is driven more by psychological factors instead of fundamental values. Technical analyst believe the stock prices not only reflect the underlying value of the company but also the emotional part of it such as greed and fears in the market. Technical Analysis is one of the investment analysis process where it study all the factors that influence the stock price.

Technical Analysis Trading Systems is a mechanical system which will react to events when they occur, they are normally build up by a set of technical analysis indicators based on a set of trading rules such as algorithm or formula. A trading system generate buy and sell signals to helps investors make an investment decision, and incorporating risk management into the system.  

Technical analysis require historical stock price and volume end of day (EOD) data over certain period of time to plot a stock charts, construct indicators, spot patterns and market trend. Trader or Technician use market timing strategy by apply technical analysis to analyze the historical stock price performance over certain period of time and looking for peaks, bottoms, trends, patterns and others factors affecting the stock's price movement to help them make a decision on enter and exit market or when to buy and when to sell.

What is Techno-Fundamentalist?

Techno-Fundamentalist used both fundamental and technical analysis to help them make an investment decision. Fundamental analysis tell them which company has strong financial foundation for stock pick, or answer the question on what to buy, technical analysis tell them about the broad market and stock trend to determine "right" timing to buy or sell.