Andy_D

MSB - Updated Analysis

Long
ASX:MSB   MESOBLAST LIMITED
I hope you find my analysis useful.

From what I can see, price seems to be holding within the trend channel ( bullish sign)

The moving averages are beginning to cross, and as you can see in the past, when that occurred, price rose ( bullish sign).

Price needs to hold above the lower trend channel and break past the .786 fib to confirm bullish price action.

Stock is very news sensitive, price may rise in anticipation of an announcement and come crashing down if the announcement is lackluster.

Trade with caution, but from what I'm seeing, right now is a good time to either average in or enter the trade for a decent risk-vs-reward scenario.

*Not financial advice*

*Just my opinion*

*All investing and trading involves risk*

Comment: Looks like we are respecting fib channel levels. A lot of bullish news has come out. More catalysts and news to come :)

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