IVC Monthly Chart Outlook 18/09/2016.

An interesting business IVC which I had held in the past, no longer. Still considered in a MAJOR UPTREND, this said, it’s medium term trend has been range bound since mid.2013.  IVC had been stuck in this trading range which may turn out to be a distribution pattern. Confirmation as always is a must which is not there as of this writing. At this stage first SIGN of WEAKNESS may come from a BEARISH MONTHLY PIVOT POINT if and when on hand. Three levels of SUPPORT to watch  are $12,$11 and $10.



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