VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: John Curtis who wrote (2117)	2/11/1998 9:23:00 PM
From: Greg McDaniel	Read Replies (1) of 27311

TA of todays move - Shot thru 17 day and 50 day moving average. Money flow was mildly bullish. Candle stick pattern - beltline hold is bullish and I think the length of the candle makes this one even more bullish IMO. Momentum technical indicator said buy today. Volume today is huge. Volume has been relatively quite since December 3rd or 4th. Cup pattern formed. Overall pretty bullish. $7.00 looks to be the 200 day moving average and could see resistance there. Here is hoping the 17th's call confirms all of this. Otherwise we all may need to be pretty nimble on the 18th. I added to my position today @ 5 3/8.

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