Head and Shoulders: Testing the Profitability of this Chart Pattern of Technical Analysis in the Brazilian Stock Market

Starting from an adapted version of Osler and Chang (1995) methodology, this article empirically evaluates the profitability of investment strategies based on identification of the Head and Shoulders chart pattern in the Brazilian stock market. For that purpose, several investment strategies conditi...

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Bibliographic Details
Main Authors: Pedro Gabriel Boainain, Pedro L. Valls Pereira
Format: Article
Language:English
Published: Brazilian Society of Finance 2009-06-01
Series:Revista Brasileira de Finanças
Subjects:
Online Access:http://virtualbib.fgv.br/ojs/index.php/rbfin/article/view/1330