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Andy_D
Dec 3, 2020 6:02 PM

MSB gets Fast Track from FDA  Long

MESOBLAST LIMITEDASX

Description

Looks like price is respecting trendline / uptrend.

Price is within range. Needs to break above resistance and stay above for bullish confirmation.

Next target I would imagine a sell off unless FDA approval or some super bullish news is released and it gaps up (possible with these lower cap stocks).

Overall lots of bullish news, Novartis partnership + FDA Fast Track for Remestemcell-L

Comment

Sadly bad news came out and the trend was invalidated - trading just above 78.6% area. I'm in quite a rough drawdown on my positions but you live and you learn. Biotcech stocks are highly risky!
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