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Tuesday, April 03, 2007

AUS - Auselect (ASX)

Auselect Limited (AUS) is a recovery stock in the making with some potential power behind it. AUS has put in rising lows over the last 6 months (arrow) with significant build up in volume indicating renewed buyer interest (green arrows). Compression of the multiple moving averages (dots) suggesting a break of $1.255 is imminent and would project an initial target of around $1.39 - $1.45 meeting price resistance