Sunday, October 07, 2007

CBU Analysis for 10.07.2007

COMMUNITY BANK SYSTEMS, INC.

Monthly chart shows strong buying off the $16.50 area support.

Weekly chart shows huge bullish engulfing candle pattern, showing potential reversal pattern in place. Backend support at the $18 to $19 area is holding.

Daily chart shows strong buying on Friday - doji and a gap up. Look for follow through next week. No listed options available for this stock.

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