| Author: | Sin, Wing-kan |
| Title: | A study of successful reversal trend in Hong Kong common shares : using technical analysis and Elliott Wave Theory |
| Degree: | M.Sc. |
| Year: | 2011 |
| Subject: | Hong Kong Polytechnic University -- Dissertations Stock index futures -- China -- Hong Kong Stock exchanges -- China -- Hong Kong |
| Department: | Department of Computing |
| Pages: | viii, 53 leaves : col. ill. ; 30 cm. |
| Language: | English |
| Abstract: | The paper examines the successful reversal trends in the Hang Seng Index as well as the selected common shares listed on the Hong Kong Stock Exchange within the past 15 years, by the use of various techniques of technical analysis with the popular Elliott Wave Theory. Furthermore, the formation and the confirmation of reversal trends are identified. The study finds out an important pattern in the formation of a market reversal. Before introducing the findings, the study observes two kinds of reversal trends: one being the top reversal and the other being the bottom reversal. Charts were printed out for further investigation, compared with the quantitative results of technical indicators. It is discovered that the pattern of convexity and concavity exist during the phrase of reversal through the charts. Furthermore, this study observes that momentum indicators such as Relative Strength Index and Stochastic Oscillators are valid for determination of overbought and oversold. In addition, trading volume is a good tool for confirmation of reversal trend. Last, but not least, there exists an over-reaction of the market is due to the fear and greed based on the change between convexity and concavity. Thus, a over-shooting problem exist, which is open for future investigation. |
| Rights: | All rights reserved |
| Access: | restricted access |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| b2426863x.pdf | For All Users (off-campus access for PolyU Staff & Students only) | 2.62 MB | Adobe PDF | View/Open |
Copyright Undertaking
As a bona fide Library user, I declare that:
- I will abide by the rules and legal ordinances governing copyright regarding the use of the Database.
- I will use the Database for the purpose of my research or private study only and not for circulation or further reproduction or any other purpose.
- I agree to indemnify and hold the University harmless from and against any loss, damage, cost, liability or expenses arising from copyright infringement or unauthorized usage.
By downloading any item(s) listed above, you acknowledge that you have read and understood the copyright undertaking as stated above, and agree to be bound by all of its terms.
Please use this identifier to cite or link to this item:
https://theses.lib.polyu.edu.hk/handle/200/6052