IVL : Major resistance at 52

Nice move on IVL, but for those that missed the volume supported break on the second highest turnover year to date for the counter, there is obviously quite some resistance at 50, but we view 52 as a harder barrier to pass.

There is no real price support until 48.50, and even that is not particularly strong, so as always, this depends on the market makers, with our view being it should get very close to 52 in the very near term.

 

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