MSB - Chart, page-28

Hi FolksI

I decided it was time to review the MSB weekly chart. It Still looks uglyI sold some at 1.68 with a view to re-buy them at a lower price to average down.

Still waiting as there is still no real sign of any life. The 40WMA is falling at a steady consistent rate almost is a perfect straight line for almost a year, The 10WMA is also so far giving no signs of life steadily downhill with the occasional flattening. There a no real markers on the way down to use FIB's on as an attempt to maybe target a low price. Totally lost with this chart.

Pretty ugly.

The recent lowest weekly candle was in the 0.60s range with the lowest point at 0.61. Recently daily action looks positive but that has happened before and failed. If the 10WMA finally gets above the 40WMA I may consider some action, alternative if we get a weekly candle into the 0.50s that may spur me on to recover the shares I sold at a third of the price.

We shall see . DYOR

cheers Lies