VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: gvander who wrote (7601)	1/26/1999 10:58:00 PM
From: Greg McDaniel	Read Replies (1) of 27311

Valence ended the day with an "inverted hammer". This candle stick indicates the trend is turning bullish. The reliability of this indicator is low. I also checked the money flow indicator and it has remained in an uptrend since the sell off in December and is heading north today as well. The 17 day moving average is below the 50 dma and the price is above the 200 dma. What do you say about the current trend?

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