Candle Sticks and How they work

What is a candlestick?

A candlestick is a type of chart that is used in the technical analysis of stocks. Candlesticks generally contain the open, close, high of the day, and low of the day for a specific day or length of time. Candlesticks are generally preferred over other types of charts due to the fact that they show the most information about the stock and allow us to better predict it. If a candlestick is black or red it means that the stock closed at a lower price than it opened at. If it is green/ white the stock closed at a higher price than it opened at.

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