IVS - 16.00p - INVERESK is in the 15-25p range, and has just re-tested the 15p floor of the range. Its indicators are starting to rise, suggesting a period of rises or consolidation, so the range floor is still providing good support.
The 20p 'mid range' level is producing quite a 'strong resistance', and whilst below this level, there is more likelihood of falling through the floor into the range below, and the chances of this occuring, is increased whilst the price is below the 17.50p 'lower mid point', so it needs to climb back above this level during its positive period, to make use of the 'lower mid point support' .. Volume is lacking at the moment, which won't help.
The 25p top of this range is a MAJOR KEY RESISTANCE LEVEL, but I recently stated that I thought a breakout of this level, could produce a sharp rise up to the next 37.50p MAJOR KEY LEVEL, which would provide the greatest 'percentage rise' potential of all the levels detailed in the 'price guide' , and looking at its 'historical chart' .. just look at the two 'circled rises' .. this adds further evidence to my theory !!
'Streaming chart' to monitor the 17.50p mid point level.
