Principles of Technical Analysis

I.     Course Prefix/Number: FIS 140

       Course Name: Principles of Technical Analysis

       Credits: 3 (3 lecture; 0 lab)

II.    Prerequisite

FIS 101

III.   Course (Catalog) Description

Course studies use of technical analysis in commodity and securities price forecasting.  Content includes basics of chart analysis of price movements and technical factors affecting price movement, trends, support and resistance levels and pattern identification.  Focus is on construction, interpretation and application of charts as tools in determining market positions.

IV.   Learning Objectives

By the end of the course, students who complete all work satisfactorily will have the skills necessary to read, construct, interpret and make trading decisions from the use of charting and technical analysis.

V.    Academic Integrity and Student Conduct

Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Oakton's Code of Academic Conduct. This code prohibits:

• cheating,
• plagiarism (turning in work not written by you, or lacking proper citation),
• falsification and fabrication (lying or distorting the truth),
• helping others to cheat,
• unauthorized changes on official documents,
• pretending to be someone else or having someone else pretend to be you,
• making or accepting bribes, special favors, or threats, and
• any other behavior that violates academic integrity.

There are serious consequences to violations of the academic integrity policy. Oakton's policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.

Please review the Code of Academic Conduct and the Code of Student Conduct, both located online at

VI.   Sequence of Topics

  1. Introduction
  2. Brief review of commodity futures trading
  3. Constructing bar charts and close-only charts
  4. General price behavior
  5. General forecasting
  6. Technical forecasting:  Part I
  7. Technical forecasting:  Part II
  8. Analyzing and forecasting buying and selling power
  9. Point and figure charting
  10. Open interest and volume
  11. Averages
  12. Additional topics
  13. Application to trading
  14. Criticisms and weaknesses of technical forecasting

VII.  Methods of Instruction

Lecture and discussion.
Course may be taught as face-to-face, hybrid or online course.

VIII. Course Practices Required

College level reading and writing skills are necessary.  Considerable emphasis is placed upon class participation, proficiency of chart making, analysis and attendance.

Course may be taught as face-to-face, hybrid or online course.

IX.   Instructional Materials

Note: Current textbook information for each course and section is available on Oakton's Schedule of Classes.

Technical Analysis of Stock Trend, by Edwards and Magee.

Note:  Current textbook information for each course and section is available on Oakton’s Schedule of Classes.

X.    Methods of Evaluating Student Progress

Class participation and exams.

XI.   Other Course Information

Attendance is mandatory unless cleared in advance by the instructor.

If you have a documented learning, psychological, or physical disability you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the Access and Disability Resource Center at the Des Plaines or Skokie campus. All students are expected to fulfill essential course requirements. The College will not waive any essential skill or requirement of a course or degree program.

Oakton Community College is committed to maintaining a campus environment emphasizing the dignity and worth of all members of the community, and complies with all federal and state Title IX requirements.

Resources and support for
  • pregnancy-related and parenting accommodations; and
  • victims of sexual misconduct
can be found at

Resources and support for LGBTQ+ students can be found at