MSB trading purely on technicals in the absence of short term news - though there could be announcements any day re trials or partnering deals. Price came back to 200 day moving average 2 days ago (just like in Feb 2017) then selling dried up, now it's very difficult to buy stock. After Feb 2017 test of 200 day avg it ran to $A3.44. Maybe the buyer was trying to get cheap stock in the low 160's and now thinks that level has held, selling stopped, and missed his chance to get set ahead of whatever announcements may come out in next few weeks. Unlikely to get bad announcements as they tend to revolve around lack of cash or need for equity raising (and recent debt deal has put an end to those rumours). Why wouldn't trial announcements continue to come out confirming positive results (just in bigger trials)? So line of least resistance is up
MSB trading, page-494
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Last
$1.17 |
Change
-0.025(2.10%) |
Mkt cap ! $1.330B | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.22 | $1.15 | $6.344M | 5.404M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8683 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 32999 | 1 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |