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Understanding candlesticks
Candlesticks are used to show the price action of a stock. They are the foundation of technical analysis (TA). Technical indicators are applied to them in TA. A chart is made of bars that have little lines stemming from the top and the bottom; these are known as candles. The candle conveys 4 pieces of information: open price, close price, high price and low price.
Candles refer to that information for a specific period of time. For a daily ch...
Candlesticks are used to show the price action of a stock. They are the foundation of technical analysis (TA). Technical indicators are applied to them in TA. A chart is made of bars that have little lines stemming from the top and the bottom; these are known as candles. The candle conveys 4 pieces of information: open price, close price, high price and low price.
Candles refer to that information for a specific period of time. For a daily ch...
![Which chart type is better?](https://sgsnsimg.moomoo.com/feed_image/102079252/a64c44a3303132de8af5c568ba249dc3.jpg/thumb)
![Which chart type is better?](https://sgsnsimg.moomoo.com/feed_image/102079252/b04e6fa54de63972b6f5ae609c0959b4.jpg/thumb)
![Which chart type is better?](https://sgsnsimg.moomoo.com/feed_image/102079252/6240deebe5bf3131899142b6a49694f4.jpg/thumb)
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