IVL : Looks like it wants to retest 40

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: