MSB 2.06% 95.0¢ mesoblast limited

Cup and Handle Chart Pattern, page-210

  1. 3,696 Posts.
    lightbulb Created with Sketch. 236
    A few issues with the C&H scenario, the main ones being its duration is too long AND
    It's supposed to be a bullish pattern that forms after an UPTREND.
    The context is crucial, just as a downward sloping bull flag is only bullish because of the strong uptrend preceding it.

    Also, the bottom isn't particularly rounded and the pullback is too deep.

    But I actually came in a few months ago in spite of the TA, based on valuation and potential...

 
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