Profiting from technical analysis in ASEAN tiger cub economies: Philippines, Thailand, Indonesia and Malaysia using moving averages

• Main Author: Ngsuy, Patricia Dawn T.
• Format: text
• Language: English
• Published: Animo Repository 2017
• Subjects: Stock exchanges > Southeast Asia; Stock price forecasting > Southeast Asia; Stocks > Rate of return; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/2885
• Institution: De La Salle University

This study employs the simple moving average (SMA) and the displaced moving average (DMA) trading rules to test their ability to beat the market and gain abnormal returns in the ASEAN tiger cub economies: Philippines, Malaysia, Indonesia and Thailand. The indicators were applied on the indices of each country over a 15-year period. Results show that both the SMA and the DMA both can be used as technical analysis tools to trade profitabiltiy on tiger cub exchanges.