20 May 2020

Written by Damien

Damien is one of the most widely quoted money and investment experts in the national press and has made numerous radio & TV appearances. He created MoneytotheMasses.com while working in the City when he became disillusioned with the way the public were left to fend for themselves because they could not afford financial advice.

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Technical Analysis update for May 2020

As regular 80-20 Investor members know, periodically I like to look at what technical analysis suggests about where key markets might be headed next. The last time I did this was back in October 2019, well before the coronavirus induced market sell-off. So I think now is a good opportunity to look at what technical analysis is telling us about the current market environment.

Technical analysis is not a crystal ball but instead gives you a range of possible outcomes and levels to watch. In volatile market conditions, such as those we are experiencing now, technical analysis tends to prove particularly useful and traders and professional investors start to pay greater attention to it.

As ever, I like to recap what technical analysis is and how it works. I always advise investors not to try and time the market because they will never get it right.

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