MSB - ASX Charts, page-6

First 6 Last

Share
Profile

Follow
Wilba32

6,895 Posts.

1507

27/11/23

22:16

Post #: 71134828
Share

Originally posted by Asxcharts: ↑

27-Nov-2023 : Keeping it Simple with Price Action & Technical Analysis..

As a Technical Analysis hobbyist, I am many times amazed by the stories that Charts tell, given you know the language to understand the story. And sometimes, it's always better to take a long bird's view of the story, which gives you a better idea of the terrain that the stock is charting.

Checking on Marketscan site today, MSB is the 10th shortest stock on ASX. Now, that's a stock that is in need of some love.
And looks like, love is on the way. So probably, shorters need to get wary now.

Let's see what "my" eyes see when I look at the charts on a 2- month timeframe.
* MSB had a dream run between Nov'2009 and May'2011, with the stock jumping 700% in around 1.5 years !! What happens when you run a car at full throttle for too long ?? It peters down. And so it happened with MSB.. The "Smart Money" handed over the keys to the "Weak Hands", and the stock since then has corrected back to where it was back in Jul'2005.
* To those who are admirers of the Waves, it looks to also have completed or close to completing the ABC wave.
* Now look at the HUGE volume in the month of Jul-Aug'2022. It doesn't make sense to beat a dead dog !! Or does it ?? Well yes, if you are convinced that the dog will revive with more beating And so it seems to be working for MSB, with the Indicators showing
a positive divergence ( Not shown on my charts though - DYOR )

This is still a highly shorted stock. Tread carefully and do your own analysis... My analysis can have mistakes, so DYOR and DO NOT TRADE WITHOUT A STOP_LOSS.

Expand

Very festive looking!

MSB Price at posting: 40.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BPM

BPM Minerals hits high-grade gold at the Claw Project WA; shares jump 86%

HVN

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

PAR

FDA hands Paradigm Biopharma guidance to re-jig phase 3 osteo trial – or is it a delay?

88E

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

CXU

Cauldron discovers shallow uranium up to 2km at WA's Yanrey

There are more pages in this discussion • 2 more messages in this thread...

First 6 Last

Add MSB (ASX) to my watchlist

(20min delay)
Last 92.0¢		Change -0.005(0.54%)		Mkt cap ! $1.053B

Open	High	Low	Value	Volume
92.0¢	92.5¢	91.5¢	$696.2K	757.1K

Buyers (Bids)

No.	Vol.	Price($)
21	69420	92.0¢

Sellers (Offers)

Price($)	Vol.	No.
92.5¢	152862	46

View Market Depth

No.	Vol.	Price($)
20	66424	0.920
31	298221	0.915
24	189488	0.910
8	62929	0.905
43	365236	0.900

Price($)	Vol.	No.
0.925	155858	46
0.930	108625	14
0.935	131433	10
0.940	18060	5
0.945	59774	3

Last trade - 13.57pm 18/09/2024 (20 minute delay)

MSB (ASX) Chart

MSB - ASX Charts, page-6

BPM Minerals hits high-grade gold at the Claw Project WA; shares jump 86%

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

FDA hands Paradigm Biopharma guidance to re-jig phase 3 osteo trial – or is it a delay?

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

Cauldron discovers shallow uranium up to 2km at WA's Yanrey

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

MSB - ASX Charts, page-6

Top Stories

BPM Minerals hits high-grade gold at the Claw Project WA; shares jump 86%

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

FDA hands Paradigm Biopharma guidance to re-jig phase 3 osteo trial – or is it a delay?

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

Cauldron discovers shallow uranium up to 2km at WA's Yanrey

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News