How would you convert the candlestick chart info into the top part of a stock bar chart, which has an open price of $120, a high of $125, a low of $118, and a close of $123, into a stock bar chart?
Answer
A
Draw a vertical line from the open price of $120 to the close price of $123, and ignore the high price of $125 and the low price of $118.
B
Draw a vertical line from the low price of $118 to the high price of $125. Then, add a horizontal line extending to the left at the open price of $120 and another horizontal line extending to the right at the close price of $123.
C
Mark the open price of $120 and the close price of $123 at the top of the chart and connect them with a straight line without showing the low price of $118 and the high price of $125.
D
Draw a horizontal line from the open price of $120 to the close price of $123, ignoring the high price of $125 and the low price of $118.
Explanation
A stock bar shows the full price range with a vertical line from the low of $118 to the high of $125. The open price of $120 is marked with a short horizontal tick extending to the left, and the close price of $123 with a tick extending to the right. This is choice C; the other choices omit the high and low or do not use the standard bar-chart marks.
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