| Title: | Tests for Two-day Candlestick Patterns in the Emerging Equity Market of Taiwan |
| Authors: | 許永明
Lu, Tsung-Hsun;Shiu, Yung-Ming |
| Contributors: | 風管系 |
| Keywords: | candlesticks;technical analysis;two-day patterns |
| Date: | 2012-01 |
| Issue Date: | 2014-06-25 16:12:41 (UTC+8) |
| Abstract: | Using the Taiwan 50 Index component stocks for the period from January 2, 2002, to December 31, 2009, this study examines the predictive power of candlestick trading strategies. A four-digit numbers approach is employed to categorize two-day candlestick patterns. We find that the Taiwanese stock market is not efficient. We also document that two candlestick bullish patterns consistently outperform others. The main contributions of this study include addressing a range of two-day candlestick patterns, finding existing patterns not profitable, and showing two new patterns as profitable. |
| Relation: | Emerging Markets and Finance and Trade, 48(1), 41-57 |
| Data Type: | article |
| DOI link: | http://dx.doi.org/10.2753/REE1540-496X4801S104 |
| Appears in Collections: | [Department of Risk Management and Insurance] Periodical Articles
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