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Does Technical Analysis Work in Nonliquid Markets?
Technical anaylsis tries to profit from past price patterns. In order for this to work, the stock must attract numerous traders and investors. Afterall, isnt technical anaylsis a study of human behavior?
My question is can technical analysis be applied to non liquied markets? Wouldn't illiquid stocks be a victim of market manipulation? Isnt it hard to trade the charts under these circumstances?
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