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Online technical analysis:Candle sticks charts

Posted By On 9/12/2008 12:20:00 AM Under

1. Candle sticks has its origin in Japan as japanes traders have been using it for past 300 year.

2. One will be benefitted using Candle sticks as it provides same information as a bar but it enables better comprehension of information visually.

3.  It is pertinent to note that red candles means that the stock has closed lower compared to to the previous close.

4. Similarily blue candles means that stock has closed higher as compared to  previous close.

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