Question

1. Complete a technical analysis on Ollie's stock. Your analysis may involve any one or more of the technical measures listed below:
   1. Dow Theory
   2. Moving averages
   3. Candlestick charts
   4. Odd-Lot Theory
   5. Put-Call Ratio
   6. Short Sales
   7. Volume indicators
   8. Advance-decline lines
   9. Bollinger bands
2. Complete the following tasks:
   1. Assess the current price in relation to the technical indicator(s).
   2. Assess whether corporation's stock price reflects a "random walk" or if there are patterns in its time series of prices. Review three to five years of data.
   3. Complete a review of news or events that could have caused investor overreaction in regard to stock prices. Address major changes in stock prices of the investment over the last 3 three years.
   4. Answer the question:
      • Do you believe efficient markets render technical analysis ineffective in earning consistent abnormal returns?

Answer 1

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