IVL : Outlook for Feb 21st
February 20, 2011 Leave a comment
IVL was a late comer to last week’s rebound, bouncing from 39 to 42 during the final two hours of trade before the long weekend. The counter faces quite a considerable barrier from 42 to 43.50, and even more so from 44.50 to 46.
Closing last week at 42, its first support is at 41, with a slightly more substantial level at 41.00-41.25, entry at 41 or so is not without risk, but should see a couple of Baht of upside, but at 43.00-43.25 there is a chance of some hesitation and indeed VST profit taking.