In many decades of watching markets, I've seen many consolidations fail - it's almost as if the market has a particular number in mind for the share price, and it trends back to that (and in many cases, reaches it). Weird behaviour, be interesting to explore the psychology behind it!
If MESO trends down, that will influence MSB through arbitrage - I can sell MSB and buy MESO and make money until they're back in balance at which time MSB will be down and MESO up.
If MESO continues to fall so will MSB. It doesn't look like that will be the case here, though - it looks like a one-off downward correction. But it bears watching.
In many decades of watching markets, I've seen many...
-
- There are more pages in this discussion • 1,986 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MSB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.13 |
Change
-0.025(2.17%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.16 | $1.11 | $7.363M | 6.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 94863 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 5000 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |