IVL : Looks like it wants to retest 40
August 1, 2011 Leave a comment
ALways rather dull to hold a laggard, which IVL had been of late. The chart looks as if it is pointing to 40 or so, at which price we will look again. There is some support at 42.75, but if a bounce fails to materialize here it should hit 40 quickly thereafter
To turn things around a huge amount of buying would be needed, and with it a clear break above 47.