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[sharechat] AUO- Comment from ARCO.

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Thu, 5 Sep 2002 19:52:18 +1200

From ARCO: Posted - 05/09/2002 : 09:29:08 AM :

" From a charting perspective, AUO has just moved out of a Descending Triangle on rising volume and within a consolidation rectangle. This situation has occured 3 times in the last 6 months, with the price then rising to the upper limit of the rectangle (67c).
MacD on the weekly chart is rising, while D1+/- have already signalled a buy. Bollingers are becoming narrow, so a move of some kind may be on the cards, and there is a good possibility there will be an increase in volatility along with sharp price fluctuations in the near future. RSI is overall rising against the consolidation.
55c is support, so any break below this should be carefully monitored".

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