CH7 证券投资分析概述.pptVIP

* * 第十二讲 1、讨论上一次课留下的问题 2、关注最近的资本市场 3、CH7 证券投资分析概述 证券投资学 ON INVESTMENTS 请你利用证券投资的基本分析方法对下列上市公司进行分析： 中国石化、招商银行、深发展、北大荒、兴业房产 选出一家你认为最具有投资价值的公司，并说明理由？ 最近的国际资本市场 美国市场 证券投资技术分析 根据过去的市场行为预测未来的市场趋势。 这是战胜市场的必备武器！ Technical analysis Should I buy today? What will prices be tomorrow, next week, or next year? Wouldnt investing be easy if we knew the answers to these seemingly simple questions? Alas, if you are reading this book in the hope that technical analysis has the answers to these questions, Im afraid I have to disappoint you early--it doesnt. However, if you are reading this book with the hope that technical analysis will improve your investing, I have good news--it will! Some history The term technical analysis is a complicated sounding name for a very basic approach to investing. Simply put, technical analysis is the study of prices, with charts being the primary tool. The roots of modern-day technical analysis stem from the Dow Theory, developed around 1900 by Charles Dow. Stemming either directly or indirectly from the Dow Theory, these roots include such principles as the trending nature of prices, prices discounting all known information, confirmation and divergence, volume mirroring changes in price, and support/resistance. And of course, the widely followed Dow Jones Industrial Average is a direct offspring of the Dow Theory. Charles Dows contribution to modern-day technical analysis cannot be understated. His focus on the basics of security price movement gave rise to a completely new method of analyzing the markets. The human element The price of a security represents a consensus. It is the price at which one person agrees to buy and another agrees to sell. The price at which an investor is willing to buy or sell depends primarily on his expectations. If he expects the securitys price to rise, he will buy it; if the investor expects the price to fall, he will sell it. These simple statements are the cause of a major challenge in forecasting securit