Candle Stick Charts

From Stock Spy

Candle stick charts show the high, low, open and close prices for a specific period of time. The black "wicks" at the top and bottom show the high and low (or range). They are named candlestick charts because it looks like it is made up of red and green candles.

• If a candle is green it means the the stock closed higher than it opened.
• If a candle is red it means the stock closed lower than it opened.

There are analysis techniques which use certain candlestick patterns to determine the direction the price of a stock is heading.