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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (7804)	2/3/1999 1:06:00 AM
From: Pallisard	Read Replies (1) \| Respond to of 27311

Jibacoa, I used 1 yr, 6 mo and 3 mo charts and the trendline you describe, drawn to the present, comes to ~ 7 1/2. Are you sure we're talking about the same line? What I'm postulating is that a break above that line presently to 7 3/4 - 7 7/8 on stronger volume would break this downtrend line. To stay under it the price is going to have to continue closing slightly lower each day, being slowly pushed back toward 6 1/2. I think the direction will clarify itself one way or another within 4 or 5 trading days; the direction is not clear. IMO