Trading Rules for the Abu Dhabi Stock Index
AbstractIn this article, we investigate technical trading rules using data from the Abu Dhabi stock market. Empirical evidence shows that technical rules have predictive power and can discern recurring price patterns in the Abu Dhabi stock market, which suggests that traders can exploit this predictive power and design profitable strategies to beat the buy and hold strategy even after considering transaction costs.
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Bibliographic InfoArticle provided by De Gruyter in its journal Review of Middle East Economics and Finance.
Volume (Year): 7 (2011)
Issue (Month): 1 (May)
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Web page: http://www.degruyter.com
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