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Technical analysis: Bar charts

Posted By On 9/11/2008 11:59:00 PM Under

1. Bar charts are able to give reader more information to the readers as compared to line charts. The reason for this is a fact that one is able to have a look at the  open, high and low for the day.

2. One will be able to interpret in a better nmanner from the bar chart as one can visualise the meaning of red bar which means that stock has closed lower compared to previous close.

3. Moreover in case blue bar appears it means that stock has closed higher as compared to the  previous close.

4. It is worth noting that  "tick" on the left side is the open and the tick on the right side is the close.

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