Sunday, October 28, 2007

OPY Analysis for 10.28.07

OPPENHEIMER HOLDINGS INC. - OPY

Monthly chart shows current support at the $36 level. The selling seems to have stopped for now.

Weekly chart shows a bullishing piercing candle pattern that closed more than halfway up the previous large red candle.

Daily chart shows a test of the low, with a higher low made. Friday saw buyers gap up the price at the open after a doji the previous day. Look for follow through to the upside to enter long.

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