Issue: Số 5 - Tháng 3 - 2023Tài chính - Ngân hàng - Bảo hiểm
Assessing the stock investment performance in the Vietnamese stock market by using technical analysis methods
Published: July 22, 2026
Abstract
Currently, there is a disagreement between academia and investors about the effectiveness of stock investment based on technical analysis methods. By using the bootstrap method, this study presents a solution to resolve this disagreement in the Vietnamese stock market. This study’s results show that the technical analysis method can improve the stock investment performance, even when taking into account transaction fees.
Keywords
Bootstrapstocktechnical analysis
References
1.
Brock, W., Lakonishock, J., và LeBaron, B. (1992). Simple technical trading rules and the stochastic properties of stock return. Journal of Finance, 47, 1731-1764.
2.
Châu, P.T.M. (2019). Hiệu quả của phân tích kỹ thuật trong đầu tư trên thị trường chứng khoán Việt Nam. Tạp chí Công Thương, 19 (10/2019), 294-299.
3.
Metghalchi, M. (2013). Market Efficiency and Profitability of Technical Trading Rules: Evidence from Vietnam. The Journal of Prediction Markets, 7(2), 11-27.
4.
Metghalchi, M., Chang, Y.H., và Gomez, X.G. (2012). Technical Analysis of the Taiwanese Stock Market. International Journal of Economics and Finance, 4(1), 90-102.
5.
Murphy, J.J. (1999). Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications. Penguin.
6.
Park, C.H., và Irwin, S.H. (2007). What Do We Know about the Profitability of Technical Analysis? Journal of Economic Surveys, 21(4), 786-826.
