IVL : Support at 50 or so, resistance at 55.50
April 3, 2011 Leave a comment
IVL has key near term S&R numbers at 50 and 55.50, so we await a move one way or the other on a big surge in flows, and then we’ll look again. There are simply too many stocks if better VST potential at the moment, and we never fall in love with stocks, so IVL will have to show us the goods and rally above 55.50 on a good 70m if not 100m shares on the day, otherwise it will remain in the laggard camp for a while yet. Stronger support is seen at 47.75 and 45.