Introduction
Open High and Open Low are terms used in stock trading to describe the behavior of a stock’s strike prices at the beginning of a trading day.
Basic Terms:
a) Open High: Strike prices that start the day higher than the previous day’s closing prices.
b) Open Low: Strike prices that open below the previous day’s closing prices.
Why Use It?
-> These terms help traders identify strikes with specific price behaviors at the market open.
-> A stock’s price will grow as a result of higher demand if there are more buyers than sellers—that is if there are more buyers than sellers—of the stock. On the other side, a stock’s price will drop if more individuals are selling it than are buying it.
-> Useful for traders looking for potential breakout or breakdown opportunities.
Navigation:
Analysis-> Instrument Overview-> Options-> Open High Open Low
How to Use It?
-> Select the expiry date.
-> Choose the number of strike prices they want to analyze.
-> Filter strike prices based on either Open High or Open Low behavior.
FAQs:
1)What does it mean when strike prices Open High?
-> When strike prices Open High, it indicates that they started the trading day at a level higher than the previous day’s closing prices, potentially signaling bullish sentiment.
2)How can Open High and Open Low information be useful for trading?
-> Traders can use this information to identify stocks with specific price behaviors, helping them make informed decisions about potential entry or exit points in the market.
Support
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Disclaimer
The videos and content on this platform are purely for educational purposes to showcase the Stolo product and help people understand how the product works. We will not be responsible for your profit and loss. Please consult with your investment advisor before making any financial decisions.