This paper explains that charting, in its most basic forms, is used to put fundamental measurements from an observation into a rational way of thinking ,thus bringing clarity to confusion. The author points out that charting primarily is dependent upon what data is being analyzed and who is doing the analysis. The paper stresses that charting can often become confusing because people make charts that display too much data within a single chart. Five charting techniques are illustrated in this paper: bar chart, candlestick charting, line charts, point and figure charts and three line break charts.
Table of Contents:
Introduction
Charting Rationale
Charting Techniques
Charting Types
The Bar chart
Candlestick Charting
Line Charts
Point & Figure chart
Three Line Break Chart
Conclusion
From the Paper:
"This type of charting shown below is very similar to that of the bar chart. Except during the period between the open of trading and the close of trading a solid thick line is drawn in during the time-period in question. The same line appears in the bar chart but is not as defined and is the section between the open and last trade. Often this type of charting is used to analyze the short term forecasts of the stock. In addition to this the basic solid square represents a day which closes with a low and the open square in the chart represents a day where closing is on a high note/price."
Stock Charting Techniques (2012, January 15). Retrieved February 13, 2012, from http://www.academon.com/Descriptive-Essay-Stock-Charting-Techniques/100626
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