InvoCare Limited (IVC.ASX)

30 August 2018

Technical Summary: Not to be confused with Invacare that trades under IVC in the United States. The stock of IVC that trades in Australia has largely gone sideways over the last 5 years. While on the one year chart it is trading at less than what it was a year ago this has more of a feel of a long trading range as opposed to a trend. It is difficult therefore to discern too much from the chart. For technicians looking to swing or position trade it could be just easier to move on to the next one. If you are buying here therefore you would be making a call on the fundamentals as opposed to any technical pattern.

Directionless action from InvoCare

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