MSB trading, page-922

First 922 Last

Share
Profile

Follow
stokdog

6,170 Posts.

1102

09/07/18

09:53

Post #: 34219986
Share

Originally posted by ecoool2 ↑

I agree, $1.60 in Australia and $US6 are both key levels. I note $US5.98 is the 61.8% retracement of the move of the Feb-March rise, but also has been a key resistance level both in early 2017 and early 2018.

The shorts are starting to peak out and as I mentioned on the weekend they are even showing signs of reversing. A return to the November short position can't be done without pushing the price up significantly (see my note from Fri night/Sat morning).

The price has moved above the 100 day and 200 day moving averages and in the past that is when we have seen some powerful moves up, and as you say it has formed a solid base in the $A1.40-1.50 zone - the size of the move up can often be related to the length of the base.

So all the technicals looking positive, including very good work done by others on this site.

Fundamentals also look very good, with the 2 major risks (funding and trial results) both having great announcements recently.

Finally, I love the percentages of funds under management of the big funds who have been adding to positions. 0% to 0.1% for a few of them! That means their position in MSB hardly moves the needle. They won't be feeling anything like the pressure that the shorts are now starting to feel. With no real prospects of a capital raising to cover the shorts in the next 12 months, some of them will be hoping that they can cover quickly without pushing the price too much, that will put more pressure on those who are more stubborn and the pressure will continue to build.

The price closed on Friday night at $A1.609. A break above $1.60 in Aussie time will be a nightmare for the shorts and they'll probably have a last try at keeping it below that price. They may be able to hold it down for a short period, but other shorts are being prudent and are already covering - they are generally pretty hard-headed and will move their capital to where they have better odds of a return. This one has become too risky to short with major announcements due later this quarter, solid technicals and low trading volumes

See my earlier calculations on the shorting pressure

Expand

I agree the shorts are starting to get nervous!

I think we may even test 1.60 today.

MSB Price at posting: $1.56 Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

Market Close: We're probably not going to see a contrarian September rally – but this way, 2025 might see a Santa Rally

EQN

Equinox exits Canada with $700K Alturas sale; plans to 'streamline' in Brazil, Australia

KGD

Kula Gold bursts out gates +60% after hitting visible gold in first Mt Palmer drill hole

ASX Market Open: Wall Street rockets to new records, Oz traders trail in wake | Sep 19

Listen: HotCopper Wire Podcast 025 – Locksley rap video gives Hilltop Hoods run for money

First 922 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $2.45		Change 0.100(4.26%)		Mkt cap ! $3.007B

Open	High	Low	Value	Volume
$2.41	$2.45	$2.40	$1.730M	714.4K

Buyers (Bids)

No.	Vol.	Price($)
31	81999	$2.44

Sellers (Offers)

Price($)	Vol.	No.
$2.45	60445	17

View Market Depth

No.	Vol.	Price($)
31	81718	2.440
29	59112	2.430
17	81507	2.420
17	283661	2.410
16	154768	2.400

Price($)	Vol.	No.
2.450	61772	15
2.460	158808	15
2.470	151243	16
2.480	325098	22
2.490	92663	11

Last trade - 10.31am 19/09/2025 (20 minute delay)

MSB (ASX) Chart

MSB trading, page-922

Market Close: We're probably not going to see a contrarian September rally – but this way, 2025 might see a Santa Rally

Equinox exits Canada with $700K Alturas sale; plans to 'streamline' in Brazil, Australia

Kula Gold bursts out gates +60% after hitting visible gold in first Mt Palmer drill hole

ASX Market Open: Wall Street rockets to new records, Oz traders trail in wake | Sep 19

Listen: HotCopper Wire Podcast 025 – Locksley rap video gives Hilltop Hoods run for money

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

MSB trading, page-922

Top Stories

Market Close: We're probably not going to see a contrarian September rally – but this way, 2025 might see a Santa Rally

Equinox exits Canada with $700K Alturas sale; plans to 'streamline' in Brazil, Australia

Kula Gold bursts out gates +60% after hitting visible gold in first Mt Palmer drill hole

ASX Market Open: Wall Street rockets to new records, Oz traders trail in wake | Sep 19

Listen: HotCopper Wire Podcast 025 – Locksley rap video gives Hilltop Hoods run for money

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News