The candlestick chart is a good way to find out historical information. It can be a bit confusing if you are a beginner so I am going to show you how great it is.
Now, the candlestick shows you two things:
1. The opening and closing price of the day.
2. The high and low of the day
The solid body of the candlestick shows you where the price opened and closed.
If the candlestick is blue then it opened low and closed high (share price went up). If the body is red then it opened high and closed low (share price went down). Line charts only give you the closing price.
To show where the share price went during the day the candlestick shows a thin line coming from the top and bottom of the body. (These are called shadows).
The day's high is where the line stops at the top
The day's low is where the line stops at the bottom.
How do candlesticks help you make investment decisions? They allow you to see share price movements during the day, which gives you much more information than simple line charts
Have a look at some patterns at
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_bullish_
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