MSB 2.03% $1.45 mesoblast limited

thanks @SamsonMach2 for the TA ask tough one, looks terrible...

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    thanks @SamsonMach2 for the TA ask
    tough one, looks terrible alright.

    in freefall, monthly shows collapse pattern with cliff face tapered off
    annual chart has gone below annual lows
    daily chart also bearish, lower red bar at annual lows with 3c body and 1c wick/tail
    no reversal intraday and lowering all day
    in bearish crash territory
    large MCap so a lot of meat to slice and dice here.

    its trying to find a floor, looked like 1.30 was it then 1.24 was it then gone below

    Its a falling knife stay out until a 2 month flatline or V V V rebound or rising pattern is in play.
    Remember the trading rules - never buy on the way down as you dont know where the downside will end.
    Buy on the way up or at worst on a defined flooring pattern confirmed multiple times by testing runs.
    Nowhere near that yet
    Wouldnt touch it here with a barge pole until the above patterns start appearing.
    Dont catch the falling knife.
 
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