Red Candlestick
Categories: Charts
See: Candlestick Chart.
Sounds like a great low-budget horror movie. A homicidal maniac kills with a candlestick.
Unfortunately, here we're just talking about stock charting. A candlestick chart is a way to graphically represent price movement for a given security. It gets its name from the fact that each time interval measured by the chart (usually a day, but it can be any length of time) looks vaguely like a candle...though it often shows up with a wick on both ends.
The chart uses color to indicate whether a security closed higher or lower for the session. Black or green means higher. White or red means lower. A red candlestick is just one in which the security in question finished lower for that time interval; it ended the time period (again, often representing a day) lower than where it ended the previous time period.
Didn't there used to be a Red Candlestick Park?
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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