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

To: Chisy who wrote (11254)	5/20/1999 7:52:00 AM
From: hcirteg	Respond to of 27311

Chisy- The simplest TA shows that we have test $8.25 twice and we are headed toward a "triple top." If we break through $8.25...watch out...we'll probably test $11 again. BUT...$8.25 will be tough. Also...the lower bollinger band has turned decidedly UP. This means that the stock has started a definitive up trend. Fast moving average crossed over the slow whcih usually is very bullish. And of course, the most important TA element IMHO, money flow...i at a 52 week high again and has been on a steady uprise since Jan 1st. Today's a big day....and I'll be watching that $8.25 demarcation line VERY carefully. LOL HC