Fundamental analysis involves the analysis of financial statements and business health, management and competiveness, competitors, and markets. It focuses on interest rates, revenues, management. The performance of fundamental analysis is based on the present and historical data with an intention of making financial forecast. Its principle states that if a company grows, its stocks will grow faster. Technical analysis uses trading rules and models based on volume and price transformations (Murphy, 1999). A contrast existing between technical analysis and fundamental analysis is that technical analysis focuses on analyzing market information such as price and volume whereas fundamental analysis are concerned with a company’s actual facts such as currency, commodity and the market.