For the past 3 years its been trading in a nice zone while smart money's been loading up. MBIO has been working on some promising drugs. Inside buying has been goin gup and short interest has been coming down.
I think it's ready to move this year.
Mustang bio on weekly accumulation begins in april 2019 this green weekly candle put firm base and established accumulation levels by big players.
recent break above resistance ma . and two big green accumulation one after another. signaling that new uptrend may start soon.
On daily decline back in to recent green range to aprox 50% of the green range buying on...
Slightly sloppy structure on the daily but sometimes that's even more bullish. Thanks to Scott Redler for bringing this stock to my attention.
Weekly chart:
has been stuck in consolidation mode since late 2018, you want to see some sort of trend/buying pressure on your plays. this one can continue going sideway/down for years so be careful taking any serious size thinking this time it will breakout..
BREAKOUT STOCK ALERT UPDATE
$MBIO - Mustang Bio, Inc. - Common Stock
Initial Alert Price: $3.18
Price High: $4.28
% Gains/Losses: 34.59%
(+9.59% More Than Expected)
Potential Stop Loss: $4.07
MBIO hit 4.28 in today's trading session for a nice 34.59% Return on Investment from our initial trade alert on Dec. 18th. We're expecting the stock to find support on the...
I see MBIO bouncing from the IPO dip in the near future. I made some lines green because I believe if we see a break through them they will not only be super strong support but we will also definitely see the other resistance. good luck happy trading.
BREAKOUT STOCK ALERT
$MBIO - Mustang Bio, Inc. - Common Stock
Initial Alert Price: $3.18
Potential Price: $3.99
Potential Gains: 25%
Stop Loss Limit: $3.02
MBIO is setting up for a $3.90 Resistance Level Retest as it breaks the most recent discovered Levels of Resistance of $3.21. It has completed a 1-Hr. EMA Crossover over the course of the past two days and...
Moving averages have now clustered which is holding
the price down, but on a break above this could rally big time.
Some data expected early December, so positioning taking place.
Speculative like all BIo stocks, with a high R/R.
Volume is rising and indicators are bullish.
Alert moved up to $3.20 for a entry level.
