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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Pallisard who wrote (9031)3/8/1999 8:16:00 PM
From: Pallisard  Read Replies (1) of 27311
 
The TA is looking good. All the indicators have become clearly positive except the MACD which still looks neutral. The price broke out of a small 3 weeks shallow downtrend on unimpressive volume, so I'll stick to my earlier forecast of a gentle rise to the 8 area. I think it'll be a back-and-fill movement; don't expect any spikes without a PR. If there is any unwarranted movement accompanied by a volume increase but no PR, that would certainly represent some unpublished happenings or prospects thereof, as many of you have already pointed out.

I think we're in for a splendid week. Shorts beware!
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