In the early twentieth century, some security market participants believed that price historical reviewing provide useful
information for predicting prices at future so they believe if they could obtain price trends, they could discover change
patterns and it would tell us when certain trends will occur. These people are called Chartists because they focus on charts.
They believed that they could identify and predict supply and demand relationships as a result of stable trends for any stock
or whole market. More importantly, technical analysts believe that investors behave in a predicted way when they face
similar situations that occurred in the past. In other words, the history repeats Rajabi divarzam et al.