White Candlestick
Categories: Charts
The code name of someone’s spy contact in a John le Carre novel. Or maybe a mischievous minor character in Alice in Wonderland.
It's also a term in technical trading.
A candlestick chart is a kind of graphic representation of a security’s trading during a period of time. It consists of a small rectangle, oriented with the long sides vertical, combined with a vertical line situated behind the rectangle, usually with a little bit of the line peeking out the top and bottom.
The rectangle represents the distance traveled from the opening price to the closing price. Meanwhile, the vertical line shows the distance from the high point of the time period to the low point. (A candlestick often covers a day’s trading, but it can represent any time period.)
Put together, each time period looks like a candle body (the rectangle) and a wick (the vertical line)...although, different than most candles, the wick, in this case, can poke out the bottom as well.
The color of the candlestick indicates whether the price moved higher or lower. White or green means a time period when the close was higher. Red or black represents a lower close. So a white candlestick is a candlestick chart representation of a time period when the price for the security rose for the period. Its opposite would be a black candlestick, one where the security closed lower for the time period.
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Finance: What are Triple Bottom and Trip...2 Views
Finance allah shmoop what are triple bottom and triple tops
All right well this is a triple top It wants
to break out The stock was trading down here around
five bucks a share in and glam o it went
up And yes blam o is the name of the
company's new anti constipation drug a huge hit So it
went up up up to hear it Fifteen bucks tripled
in value in just a few months but then sober
reality began to hit the investing community There simply wasn't
enough constipation to go around So the stock began to
flag and traded down teo here this level at twelve
bucks But then glam o again released big news a
partnership with manish of its grandma tsa and the american
cheese manufacturing association So the stock raced again to fifteen
But no there just wasn't enough enthusiasm from buyers pay
more than fifteen bucks a share for it So you
know that's all despite this newly created a kind of
market So the stock sank back to twelve only to
then have investment interest from procter and gamble owners of
sharman who bought five percent of the company at thirteen
fifty ish year and left a lot of investors thinking
surveyed by the whole company complete with its product line
of anti constipation drinks Waymo glam Oh thankyou memo But
alas the investment community would not pay up past fifteen
to share and the stock flagged again sinking back to
twelve having created a triple top and needing something to
make things really start you know going So yeah that's
a triple top What about a triple bottom Well a
triple bottom and basically just the same thing in reverse
like this keeps hitting a low point looking like it's
going tio bottom out further But then it recovers on
the subject of bottoming out well glam o is now
available in new chewable gummy form Yeah glam o so
you never have to worry when your bottoms out