VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: John Curtis who wrote (13836)	8/19/1999 6:25:00 PM
From: Zeev Hed	Read Replies (1) of 27311

John, it actually closed at $5.125 just under the prior long term support at $5.25 or so, thus it is not a volume/price reversal. It must close above about $5.5 to become partially bullish again. I am not betting that is what is coming, thus I am staying flat. My bet is actually that more selling pressure will develop in the next few days and $4 will be breached, a new buying opportunity "might" be around $3.5, of course, "might" is critical, and the appearance of some of you "PO's" would contribute a lot to turn this thing around. Now, don't look, but it seems to be pretty bad. Zeev

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