VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Pallisard who wrote (7802)	2/2/1999 10:37:00 PM
From: Jibacoa	Read Replies (1) of 27311

<<< The chart shows a descending trendline>> On the "near term chart" the downward trendline coming from last November 27th high of 11.31 and connecting with the January's rally high on 1/8/99 at 8.75 doesn't seem will be "broken" until the price closes above 8.25 (at present).IHO On the "long term chart" the stock looks better as the price has held above the 10 week average since December 9th and the 10 week average closed above the 50 week average. The 25 week average, however is still below at 5.50 The stock did pretty good today considering the general market. The DJ-industrials held today at the 50 day average, but there are too many stocks with an awful looking chart pattern. Good luck to all.

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