A couple of technical chart type things happening to help with this push up.
Main one is on the weekly timeframe, the 20MA has crossed the 200MA, this is like a golden cross. Last time is happened the price went from $2 to $5 over the course of a year. This is strong signal for technical traders and insto’s to buy in for a safe return.
Another is on the daily timeframe, which shows the 20MA and 50MA acting as support when price was bottomed twice at $1.25 to $1.28 in recent weeks. Also a double bottom and a W formation was created during this test of support. On the second test at $1.28 the volume dried out, which is a pure signal for technical traders to buy in.
Although none of this explains why MESO on WALL ST went ballistic last night. Wish i knew!!
MSB Price at posting:
$1.80 Sentiment: Buy Disclosure: Held
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