Analysis on Stock Market Behaviour Using Harmonic Patterns: The Case Bullish Stock Pattern of Shariah-Compliant Capital Market

In this era of globalization, the investment sector in Malaysia such as investing in stocks is growing rapidly day by day. This involves not only businessmen, but also household investors in the stock market, and it has become very widespread in Malaysia. This is due to the transparency of publicly listed firms' reporting requirements, as well as the most comprehensive and sophisticated technology and software for online trading. The methodology that was used for this study focuses on the second data which is the historical stock price of 3 shariah-compliance companies. Harmonic pattern screening is being used for stock trend indicators. At the same time, Python coding is applied to form the harmonic pattern and compare the pattern with the extremes in real-time. The results demonstrate the behaviour of stock performance on the shariah-compliant capital market in Malaysia by using harmonic pattern analysis. Despite from that, this research uses a Python program to implement a bullish pattern that has five points and reads each of them as the value of an extrema, starting with point X and moving on to points A, B, C, and D. In addition, this analysis found that the most frequent pattern that has a higher possibility of occurring beyond of stock performance is the bullish bat pattern.