- Stock code: BYSI
- Company Name: BeyondSpring, Inc.
- Sector: Health Care
- Industry: Major Pharmaceuticals
BeyondSpring, Inc. Incorporation Stock Candlestick Technical Analysis Chart
The latest candlestick patterns of the (BYSI) stock are updated automatically every day after the market closes.
Note: In this page, you can find current the information about BYSI share short-coded BeyondSpring, Inc. stock.
What is the Candlestick Chart Technical Analysis?
The Short History of Candlestick Charts
The Japanese began to use the candlestick bar technical analysis to analyze rice trade from the 17th century. This first type of technical analysis is based on similar principles with modern technical analysis. Nevertheless, it is also different from the technical analysis approach that Charles Dow put forward in the 1900s. Note: The American Stock Exchange “Dow Jones”, takes its name from the last name of Charles Dow and Edward Jones.
Does this technical analysis work?
According to Charles Dow, the current price on the market offers investors more clues than factors such as news that lead to price decline or rise. (a market dictum is: prices go ahead, news follows prices). According to the effective market hypothesis, the stock price includes all the information that investors need in the market. So it is more logical to focus on the current price instead of the news. Because buyers and sellers act with expectations and emotions. According to Steve Nison, the candlestick chart first appeared in the 1850s. Japan’s Sakata rice trader Homma has led Candle sticks into an important technical analysis. The increase in the number of investors who use candlestick charters as technical analysis, studies on wax charts and the advancement of graphic technologies have helped to make wax chart technical analysis more efficient.
If you want to learn more about candlestick technical analysis please read the following articles
- What is Candlestick?
- What are Basic Candlesticks?
- What are Bullish Candlestick Patterns?
- What are Bearish Candlestick Patterns?
- How Successful are the Patterns?