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ILV Technical Analysis in a Weekly Timeframe

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Now, let’s dive into this chart analysis:

ILV is at the edge of the support trendline and is likely to hold the price, as it has in the past. The all-time low for ILV was $28.83, but the weekly close was around $38, and so far, ILV has respected the support trendline.

With the current price at $42.7, ILV is once again testing the support, and a rebound can be expected soon. The RSI is close to the oversold zone, indicating a potential reversal in the upcoming weeks.

Key levels:

- Support/Accumulation: $28.83-$38.
- Initial Target: $150 to $200.
- RSI: Close to the oversold zone.

DYOR, NFA.

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