AUO - Go Long?
Moniker: AD
Symbol: AUO
[X] Entry
Duration: Short Term
Direction: Go Long
Comments: I have owned this off and on for a few years. What do you think about a short to mid term entry on this pullback?
AUO is in the cable and broadcast TV sector. I've pulled up a multiyear weekly chart and it just looks like a large consolidation taking place with the top of that consolidation up around $16.80
Your time frame is short term though and there, a trade has developed. 
Using that high volume push from the 3rd of this month (April), you can stop out at the low of that day ($14.75) while shooting for the $16.80 area off the long term chart. The caveat is that they report earnings in a week so its in and out.
Symbol: AUO
[X] Entry
Duration: Short Term
Direction: Go Long
Comments: I have owned this off and on for a few years. What do you think about a short to mid term entry on this pullback?
AUO is in the cable and broadcast TV sector. I've pulled up a multiyear weekly chart and it just looks like a large consolidation taking place with the top of that consolidation up around $16.80
Your time frame is short term though and there, a trade has developed. Using that high volume push from the 3rd of this month (April), you can stop out at the low of that day ($14.75) while shooting for the $16.80 area off the long term chart. The caveat is that they report earnings in a week so its in and out.
posted by Tat | 4/20/2007 05:43:00 AM
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