I like my charts for what should be obvious reasons.No one...

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Pointyfigures

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09/04/20

15:55

Post #: 43976663
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Originally posted by col69: ↑

Short term down trend has already gone.
I like to see a high above $2.295 else my medium term chart has a double top straddling the trend. A very nervous place to be for the next 4 days.

While some make good money off trading the 'charts', I am not sure you can rely that much on charts at the best of times with Mesoblast, let alone during a global pandemic whereby they may have the solution to the cause ? Nothing to be 'nervous' about in this case !

IMO it won't matter if we close at $1.99 or $2.50 today ... the USA will lead the charge and will also be given the opportunity to lead for an additional trading day on Monday that the ASX won't .... I also believe the USA will appreciate the enormity of this announcement more than the ASX punters ....

..... again IMO the info about the patients in the NY Hospital had to be leaked to the NYT .... how else did this info get out to the public arena ? In 4+ days anything could happen / leak out so if it is positive news, then today's closing price won't stop the upward trajectory of the share price on Tuesday - just sayin'

Add to that we are bound to see more announcements next week about Australian trials and Japan ? You would think this has to be a lay down misere given the stem cell treatment has been approved and in use by JCR Pharma for years there .... EU anyone .... lot of deal making can go on in a 4 day time frame me thinks ....

Have a great Easter MSB'ers and thanks to the MSB team for providing us with some great Easter goodies this week.

Stay safe (and 1.5 meters apart ... hehe)

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I like my charts for what should be obvious reasons.
No one picked the rejection from $2.20 2 days ago but my charts did.
Bit annoyed money was not available yesterday but bought today at $2.07 when finances cleared while it was eating through resistance.
A look at the charts and you see it took from May to September last year for the stock to break and I wonder what the news flow was like then.
In May 19 a target price of $2.29 was generated with a buy price of $1.33. Took 4 months to break out then less than that to hit the target.
I am a happy camper and am willing to take a speculative punt on this one. Has the potential to be a game changer/fortune maker.
I do consider this a speculative opportunity and these sort of opportunities are rare.
I used to be a fundamental trader till the market chewed me up and spat me out.
The market does not care what I think.
Charts give you a read on the market.
Just hit $2.30 and I can sleep peacefully.

MSB Price at posting: $2.45 Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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