IVL : Supports at 41.50, 40.00
March 1, 2011 Leave a comment
IVL on the hourly chart does not look very interesting, and as can be seen, the counter is currently held back by resistance from 44 to 45, with channel support at 40 or so.
Use 41.50 as the key support today, and 43 as the first resistance. Unless flows suddenly suggest otherwise, we prefer to wait for a dip to 40 or so before paying much attention here.