My position on Inter Pipeline is still neutral on the short term. I personally closed with profit before the trading halt. I'm expecting a fair amount of volatility this week due to the takeover offer. Fib based extension Resistance / Support lines are listed on this chart. I don't see heading past $29 or below $23 on the bounce personally until more definitive news is reached. I still like IPL long term though I & I plan to re-enter at a later time.
Trade closed: target reached