The technical analysts of Money Classic Research use a chart called candlestick, which represents the highs and lows of the price of stocks for one day. The candlestick chart also displays the opening and the closing prices of the stocks. The candlestick consists of wide part, which is called “real body”. The real body of the candlestick indicates the technical analysts whether the closing price of the stock was higher or lower than the opening price of the stocks or securities. The body is black or red if the closing price of the stock is lower and white or green if the closing price of the stock is higher. The shadow of the candlesticks tells about the day’s highs and lows. Traders use this to find accurate intraday cash tips.
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