I agree with you vinn. Well sort of.
The charts predict certain things but for MSB its the fundamentals that drive the SP/Charts to a large extent.
But make no mistake the last 3-4 months since out last night announcement that drove us to 7 dollars or so has allllll been about charts and not fundamentals.
Currently the MA20 has crossed the MA50 line either today or easily early next week if the SP holds or keeps increasing. At that point its clearly broken the indecision and is back into an uptrend.
Does that mean the "big money" knows something nice is coming soon? Who knows.
Does it mean that the manipulators/chartists of the big firms have decided to start raising things in the other direction? Maybe.
But it does say its a safe time to buy if that helps. Not yet.....but very very soon by the looks of it.
Me i'm already in so I'm going to hold.
charts - come on baby, page-6
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Last
$1.62 |
Change
0.040(2.54%) |
Mkt cap ! $1.798B | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.65 | $1.62 | $767.7K | 469.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 51251 | $1.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.62 | 29481 | 4 |
View Market Depth
| Last trade - 10.08am 19/11/2024 (20 minute delay) ? |
| MSB (ASX) Chart |