VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Peace who wrote (21312)	8/28/2000 3:28:47 PM
From: Pallisard	Read Replies (1) of 27311

Peace, I've been carefully watching the VLNC chart for the past week, and I've noticed the EMA (exponential moving averages) 50, 100, & 200 day all converging in the 17 - 18 area. Also it has formed a shallow saucer formation which is bullish. IMO this low volume is indicative of quiet accumulation as well as possible slow short covering. A repeat of the move to the 22 - 23 area appears probable. We may be discounting news of Hanil commencement or a new "quantifiable contract" as the bashers say.

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