Main purpose of this study focuses on examining market efficiency of stock in Asian countries by empirically evaluating the performances of popular technical analysis indicators. Technical analysis indices, will be employed to be used are SMA, EMA, WMA, MACD and RSI. In this study, we also try to determine which method provide more useful information in making the profitable trading rule for 3 main markets of Asia stock markets, Japan, Taiwan and China. The examination covered the following by 3 main questions: This study test whether technical analysis is useful or not in 3 Asian markets? Which market is more efficiency according to evaluated performance of technical analysis indicators. Which indices is more significant return in these markets? What parameter combination should we use? (short-term and long-term horizon)? The purpose of this study is to provide useful information for potential investors in Japan, Taiwan and China stock market. Though these 3 markets are famous Asia stock markets, however, they are categoried into different level of efficiency markets, for example Japanese stock market is mature market due to its well marke stucture and trading cost, Taiwanese stock market is old emerging market within high growth rate and Chinese market is new emerging market that is growing quickly recently. Furthermore, comparing to three different Asian stock markets which are various of each other that become more interesting for us.
