UK Accounting Glossary
finance A financial analyst who attempts to predict future movements in the prices of shares or other financial instruments by looking for patterns in charts of historical data.
a 19th century English reformer who advocated better social and economic conditions for working people.
A chartist is an investor who attempts to predict market movements through the use of chart patterns. A chartist believes that by studying past market actions, as graphically displayed on a stock market chart, that the future course of the market can be revealed. In this respect, a chartist relies on technical rather than fundamental market analysis. There are several chart patterns which a chartist looks for when making predictions of future market moves. A primary pattern that a chartist looks for is the classic head and shoulders pattern, with market highs making a small rally (creating a shoulder), followed by a higher rally (creating a head) and then back down and sideways (forming the other shoulder). To a chartist, this is a bearish pattern. A chartist uses this and other chart patterns to plan investments.
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This glossary post was last updated: 4th February 2020.