Wednesday, February 20, 2008
Trading Socks based on Candlestick Charts
Most Technical analysts trade stocks based on candle stick chart patterns which is a japanese art and depicts the prices in form of a candle. These candles are studied individually as well as in relation to its previous candles to determine the emerging pattern. The pattern consists of opening price, closing price the days high and low but also depicts the type of the day it has been or that particular moment depending on the time span under which the stock is being studied.. The candles which are bullish or indicate upward trend are depicted in white and where the closing is below the opening is depicted in black. Thats for now .. more later-happy trading.