RE:RE:RE:RE:Has any one done a technical look at thisI like the chart for IVN. Over the last month the stock has been pushing higher highs on large volume, and then coiling into pennant flags/ descending wedges with minor retreats in price generally on lower than average volume. For the most part, new support levels have been held once the resistance was crossed. I only look at MACD or RSI on the daily/weekly chart, especially for a stock like IVN. Too short a period just presents noise. That the stock should take a dive on a day when the whole market drops 2% is not concerning to me, as its normal to see money move from speculatory assets into stronger securities. Fundamentally the company is very strong but exposed to macro economic risks such as commodity prices and geopolitical events in the countries in which it operates. IMO technicals are just another tool and should never be used out of context with fundamentals. And in case of a stock like IVN fundamentals are going to play a larger role in the performance. But I like the chart for IVN. Strong uptrend.