MSB

2.51%

97.0¢ mesoblast limited

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alhambra

3,027 Posts.

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22/03/17

09:48

Post #: 23532045
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Originally posted by The Yankee ↑

@col69 : No, I wasn't the one buying, though I would have, if I could sell some of my other holdings which are down now.
What is interesting is that the NASDAQ side started the rally in late December 2016 and again this week. It used to be always in a catch-up mode to ASX in the past. So that is very encouraging in my book and quite bullish.

Even with this uptick, MESO is basically an unknown in the US markets and lacks volume. All this good action on the NASDAQ is just retail, I think.Today's volume however was 4x the average. So an event such as upfront cash from MNK or a partnership ann , imo, will turn MESO following here on its head. With the low float, a MESO mega run-up is inevitable and make for dizzy times.

I am not big on technical trading but use it as an indicator, because that is exactly what it is - an indicator.
For MESO, here is what I see:
MACD crossover for the positive is very bullish since 02/15/2017
Accumulation in a steady uptrend since 01/03/2017 with a very, very sharp spike up since 03/10/2017 (NASDAQ taking the lead)
RSI has been over 70 since 03/10/2017 (a sustained RSI over 70 for such a long period is extremely bullish). RSI is now at 84.7
Money Flow Index (MFI) positive trend since 02/07/2017, with a very, very sharp uptick since 03/10/2017.

With ADRs, the fun part is when a "cyclical feed" starts, i.e., ASX catches up and pushes NASDAQ up, which pushes ASX up. I believe we are almost at that point now.

Expand

I think that the stock will correct downwards, today.

Alhambra.

MSB Price at posting: $2.39 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 97.0¢		Change -0.025(2.51%)		Mkt cap ! $1.107B

Open	High	Low	Value	Volume
97.0¢	$1.01	96.5¢	$7.757M	7.884M

Buyers (Bids)

No.	Vol.	Price($)
10	274918	97.0¢

Sellers (Offers)

Price($)	Vol.	No.
97.5¢	974	1

View Market Depth

No.	Vol.	Price($)
6	103162	0.970
5	34741	0.965
11	125566	0.960
1	500	0.955
22	165429	0.950

Price($)	Vol.	No.
0.975	974	1
0.990	10204	1
1.000	14000	1
1.010	2877	1
1.015	60000	1

Last trade - 16.10pm 02/08/2024 (20 minute delay)

MSB (ASX) Chart

time is running out, page-58

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

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Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Featured News

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Sellers (Offers)

Featured News

time is running out, page-58

Top Stories

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

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Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Westgold sets its sights on top five producer status through merger with Karora

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News