MSB 2.43% 94.8¢ mesoblast limited

Chart - trend break, page-3

  1. 3,646 Posts.
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    Okay, now here's the good news:

    I had a closer look at the trading right at the close,
    and also extending back a couple more months,
    and I don't think my first chart above quite did today's move justice.

    Trendlines can be a little tricky, and so it's worth reviewing and tweaking sometimes.

    So I feel compelled to present this extended trendline, which now sits at a steeper angle...

    https://hotcopper.com.au/data/attachments/3255/3255610-4953767cc6a3162b18a2593a7789b503.jpg

    And here's today's trading...

    https://hotcopper.com.au/data/attachments/3255/3255612-5c703c39f642dc89d9b95b5823592980.jpg

    Why is this important?
    Because according to this, the trendline was already backtested just before the close, and that is very positive
 
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25 45068 94.5¢
 

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95.0¢ 22334 6
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Last trade - 15.56pm 09/08/2024 (20 minute delay) ?
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