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        1 - Compare the Efficiency of Technical Analysis Strategies with Buy and Hold Rule for the Stock Purchase in Bullish and Bearish periods
        mohsen rezvani aghdam zahra pourzamani
        Investors and investment managers, in the selection and purchase of shares of companies, faced with the decision making process. In the process, they are looking for stock options that have the maximum benefits. In the investment process, succeeding and earring profit, More
        Investors and investment managers, in the selection and purchase of shares of companies, faced with the decision making process. In the process, they are looking for stock options that have the maximum benefits. In the investment process, succeeding and earring profit, without proper analysis and having knowledge of the stock market situations, is not possible, so each investor should then review and analyze stocks, start to buy and sell them Thus In this study were investigated efficient technical strategies containing exponential moving average (EMA) and relative strength index (RSI) and hybrid method hybrid method EMA&RSI with buy and hold method in order to buy stocks. According to daily and weekly, signals were extracted from 16 investments companies in Tehran Stock Exchange for five years 2000 to 2015 and was compared with buy and hold method. Results showed, although technical strategies were not efficient enough in order to buy stock in extremely bullish periods (2013) this strategy was efficient in equal periods or bearish periods (2014) to buy stock Manuscript profile