MSB 0.00% $1.39 mesoblast limited

MSB 2020 charts, page-92

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    Update on the chart posted a couple of weeks ago. Macro View

    - 12 month MA (yellow) crossed the 36 month MA (Orange) in January with the monthly significant price increase.
    - 12 month MA (yellow) has now crossed the 60 month MA (Aqua) in April with with the monthy significant price increase.
    - It will take a few months typically for the 36 month to cross teh 60 month, but that depends on price action to the upside.
    - Volume is increasing its profile.
    - Further divergence on the slow/fast MACD.
    - Last move off the signficant support at $1 and triple monthly bottom.

    Again, this setup has not ocurred since before the 2010 run up to ~$10, confirming the 10 year macro cycle (relative to the age of this stock). Confirmation of a major bull run needed with a clean break through the yellow upward trending line and $3.41 top.

    https://hotcopper.com.au/data/attachments/2115/2115990-418527a4c3bd9dbbbf1019421b097305.jpg

    Obviously the above is purely speculative in nature and not intended for investment decision consumption.
 
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