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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: hcirteg who wrote (8414)2/16/1999 4:25:00 PM
From: Pallisard  Read Replies (1) of 27311
 
Hc and all: We've made the upside breakout I referred to last week. It was accompanied by significantly increased volume and has taken us out of the "box". Stochastics and MACD have both turned positive. In view of today's modest upside movement, I think the price will rise slowly and languish for several trading days in the high 7's - low 8's, until/if it breaks above 8 5/8. Beyond a few weeks, a short term call is not reliable. Of course this is all predicated on the lack of any material news, and the usual IMOH disclaimer.
Tha-tha-tha-that's all Folks.
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