The Chart Professor is back so we can dive further into the stock charts you need to understand and analyze to make smart investment decisions.
This week Bruce Kamich, our resident Chart Professor and in-house technical analyst, teaches us all about bar graphs.
A bar graph is made up of a bunch of little lines — or bars. Each bar represents three prices: the stock’s high price, low price and its closing price of the day or week.
There are four big pros to bar charts, according to the Chart Professor:
Flexible – can be used on many time frames from short to long term
Shows the extremes of the day, week, etc
Shows gaps
Range and location of the close can tell you useful information
But be sure to watch the video to learn more!
Now all investors should look at their stocks’ charts so be sure to reach out to either of us if you have any questions or want us to cover something special @tracybyrnes @brucekamich
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