IRPC : Unless volume increases, remain cautious

Some local brokers are saying buy IRPC now which is a tad late. In answer to a reader’s email. We think 5.60 is the key support, and as noted in a previous comment (Feb 23rd ) on this blog, we view 5.60 as the turning point level for the stock for now.

For the VST, we might have a look at 5.60 or so for a quick punt, but we fear a dip to 5.50 are for now do not see it as a buy. For that to change 1 main thing need to happen:  volume needs to increase to nearer 250-300m shares for it to pass 5.90.

 

 

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