Sunday, October 07, 2007

TR Analysis for 10.07.2007

TOOTSIE ROLL INDUSTRIES

Monthly chart shows a double bottom holding for the time being at the $24.70 area.

Weekly chart shows smaller double bottom off $25.60 area as support.

Daily chart shows strong buying on Friday, as they gapped up the price at the open and closed on the highs for the day. Look for continued buying next week.

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