Rockefeller, & Barbara said that:
Technical analysis is the study of how securities prices behave and how to exploit that information to make money while avoiding losses. The techincal style of trading is opportunistic. Your immediate goal is to forecast the price of the security over some future time horizon in order to buy and sell the security to make a cash profit. The emphasis in technical analysis is to make profits from trading, not to consider owning a security as some kind of savings vehicle. Therefore, techical analysis dictates a more active trading style than you may be used to.
Source: Technical Analysis For Dummies
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Rafael Romeu and Umar Serajuddin stated that:
Technical analysis contains a strong interpretive component. The unfortunate situation in which two technicians looking at the same data but coming to completely different conclusions is all too common. Some technicians even suggest that the same person looking at the same chart but with the data inverted may come to a different conclusion than if the chart were held right side up. This sort of subjectivity is problematic for the process of learning technical analysis. It would not be beneficial for a beginner to learn technical analysis and at the same time learn the biases of the sources of their learning. The problem of bias in the presentation of a topic can be alleviated somewhat by presenting many different points of view.
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