MSB 6.57% 99.5¢ mesoblast limited

MaddogXI withheld posting this chart on Wednesday when I...

  1. 4,906 Posts.
    lightbulb Created with Sketch. 343
    MaddogX

    I withheld posting this chart on Wednesday when I originally took the screen shot ( date near top left hand corner) because Im over the reception you seem to attract when you post you thoughts on a stock you don't hold and the analysis happens to be a negative one, and I can understand why, but we are here to learn not to just cheer each other on.
    Since you asked for an opinion I thought I would throw it up. What this chart displays is a bearish divergence when comparing the chart tops to the Monthly RSI indicator tops.It displayed a similar divergence back in 06 in the previous uptrend from 50 cents to $2.50 approx. It then entered into a downtrend which lasted for over 3 years.
    Not saying that this is what is going to unfold here but a bearish divergence warns of a possible trend reversal from the current uptrend which the stock has enjoyed over the past couple of years to a possible downtrend.Doesn't indicate we are going down it a straight line by the way,have a look how it unfolded in 06, it can be a gradual process.
    Hope this helps.
    All in my opinion. Goodluck

 
watchlist Created with Sketch. Add MSB (ASX) to my watchlist
(20min delay)
Last
99.5¢
Change
-0.070(6.57%)
Mkt cap ! $1.136B
Open High Low Value Volume
$1.04 $1.04 99.5¢ $3.980M 3.944M

Buyers (Bids)

No. Vol. Price($)
8 56239 99.5¢
 

Sellers (Offers)

Price($) Vol. No.
$1.00 103125 2
View Market Depth
Last trade - 16.10pm 04/09/2024 (20 minute delay) ?
MSB (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.