Ivernia Inc IVWFF

RE: Much lower expected

[vocex1]

rcs, looka lika bottom here. What I like to see is VOLUME for support, and if you look at the second chart day in this gallery for IVW, you see the weekly shows roughly 15 million shares between 1.80 and 2.10 +/-. That is about 25% of outstanding, very significant. The rest is just noise, to me. So I buy at levels where there is support from new buyers OF SIZE. Which is here, today. Short term, the last two days trading shows declining volume on declining price, at least until the turn mid-day. Looks good to me. But inconclusive as yet. It would not surprise me to see more meandering between these levels for a while, while the market attempts to digest the significance of the buyout of Sentient. That's all I know, expect that I may have to increase my long term target for IVW from 4.31, due to the recent events. We still have to hurdle 2.50 price to blast off fast to the 3.20 level. But it should all come with time. I did notice that lead price bumped up today, above 46 cents again, knocking on that door up to the next level, once again. The charts: https://stockcharts.com/gallery/?IVW.TO