How “candlestick charts” are used
In: Economics
For a stock that is increasing in price, the bottom of the candle is the open price and the top is the close price (usually, for one day, but it can be any time period). The bottom wick is the low and the top wick is the high (again, for the same time period). If it is decreasing in price, everything is opposite. They’re used for stock analysis and show four important data points, rather than just one on a line chart. They can also be used for options and other financial assets.
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