Trade Financials Using Candle Charts

Stock quotes in this article: XLF , JPM , WFC , C  

By Stockpickr Guest Columnist Ira Krakow

Recently, I've discussed moving averages and Bollinger bands, two of the most popular chart maven's tools.

Now I will introduce a special type of chart, the candle chart, also known as the Japanese candlestick chart, and show how to use it to trade financial stocks such as JPMorgan(JPM Quote), Citigroup(C Quote) and Wells Fargo(WFC Quote).

To read more, visit Stockpickr.com.

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This article was written by a member of the Stockpickr community. Stock recommendations and comments presented on Stockpickr.com are solely those of the members quoted. They do not represent the opinions of Stockpickr.com on whether to buy, sell or hold shares of a particular stock. Members should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into a member's stock analysis or opinion. All members are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance or portfolio performance is no guarantee of future price appreciation or performance. Furthermore, Stockpickr.com does not guarantee the accuracy or completeness of information on the site, nor does Stockpickr.com assume any liability for any loss that may result from reliance by any person upon any such information or recommendations. Such information recommendations are for general information only.

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