VALENCE TECHNOLOGY (VLNC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : VALENCE TECHNOLOGY (VLNC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jean1057 who wrote (2424)	3/17/1998 10:46:00 PM
From: FMK	Read Replies (1) of 27311

Jean Claude, Here is some quality TA I received this E-mail yesterday. I have permission to post it: "Hi Fred. Thanks for the update. Here's my opinion on VLNC stock. VLNC has been trading laterally for about 3wks and is consolidated between $5 and $5 1/2. Volume is light, but the Money Flow Index is moving up rapidly. In my opinion the conditions are ripe for a move, similar to that on 2/11 of this year, in the next few days. As such, one should also expect any upside gain to be capped by the 200day MA (moving average), which sits a little above $7. Risk to the downside is also limited, around $4 1/4. On the expectation of some sort of breakout the stock is a short term buy. However with heavy resistance at the 200day MA, at around $6 1/2 - $7, there would be little gain. Long term the stock has to decisively break above the 200day MA and then find some support above that level. The stock will need some really good news release, citing some type of technical breakthrough or significant milestone achievement. Regards Chris Thornton"

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next