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Strategies & Market Trends : Charts on Near Term Uotrends -- Ignore unavailable to you. Want to Upgrade?

To: Chisy who wrote (181)	1/17/2000 2:17:00 AM
From: Jibacoa	Read Replies (1) \| Respond to of 1404

Chisy: VLNC: I am sorry that I was not able to get to the place on your link, so I can't comment on their opinion. As I see it, the nearest resistance on VLNC is now at 20 3/8 which was the H of January 12th. The volume on that day was 495,300. The stock has kept the up-trend that started on November 11 from the 6 3/16 area and the price on Friday closed above the 10 days and 15 days average, which are both above the 40 days average line. The 10 day average went over the 15 day average on January 10th, which is near term bullish. The largest volume since the present up-trend started was on December 8th, which was an up-volume day ( O 13.875 H 18.5 C 18.25 V 2,468,100) When the stock can get over the nearest hurdle at the 20 3/8 level, the next resistance is at the December 21,1999 H of 22 3/4 and then the December 1992 H at 27, although this last one is probably not important as well as the H of October 1993 at 23 3/4. If the general market and the stock can keep the present "momentum" the stock can pop-up to 28 1/2 on the next run-up with the help of some "positive news" The nearest support is now at 16 and the strongest near-term support at 14 1/2. The Relative Strength Index has declined (on a daily basis)from 80 on December 27 to 40 on Friday January 14. On Friday afternoon the largest one minute volume was at 1.49PM ( 10,300 shares unchanged at 19 3/4 )followed by an up-tick to 19.875 the next minute on volume of 7,800 shares. I remain long and watchful. Regards and good luck. Bernard