Once they have come up with a number they will then determine if the share is undervalued or overvalued.
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Which is where we get the term Random Walk.
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The minor trend is like a small stream, which runs this way and that but is headed, in the general direction of the river.
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Makes you think doesn’t it!
Next we will see a sudden burst from this range and this is the breakout.
A 200-day moving average eliminates the presence of daily price fluctuations for periods below 200 days.