InvoCare Limited (IVC.ASX)

2 March 2018

Technical Summary: There appears to be some sort of symmetry in the one year chart of IVC. The stock rallied after a consolidation period up to its all time highs at around $18 per share. Since that time the stock has fallen back to earth, virtually mirroring its run up. The stock is now trading at an area of key support. Long term holders would like to see this support held. Strength off this support could provide an opportunity for mean reversion traders while break of this support would be considered bearish. Over a 5 year period shares of IVC have generally trended upwards and perhaps this pull back from the all time highs can be seen as reversion to this trend.

Stock is approaching defining area of support

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