MSTX on the eve of a pivotal Merger CC: CHART ANALYSYSMSTX (Mast therapeutics) shareholders have been overdue for some good news after the SEP data disaster wiped out nearly 80% of stock value dropping it from the .60s to a range of .10-15.
VAPOLAXOMER* was a novel technology designed by MSTX to help ease sufferers of sickle cell anemia that ultimately was proven ineffective and was abandoned.
Left with only AIR001, an inhaled sodium nitrite solution to treat heart failure with preserved ejection fraction (HFpEF) currently in Phase 2 development, MSTX had essentially become a shell with no substantial news until Q1'18.
Now MAST and SAVARA (a private company) have signed a DEFINITIVE MERGER AGREEMENT in effort to form a company focused on the development of novel inhalation therapies.
This reverse merger is essentially serving as an IPO for SAVARA and is likely to cause a nice pop in MSTX pps and a small P&D type move that could easily see pps of .33-57ish, potential gain % in the 200 which makes me a short term LONG but ultimately neutral.
Mast and Savara will hold the conference call TODAY Monday, January 9, 2017, at 8:30 a.m. EST / 5:30 a.m. PST to discuss the transaction. To access the conference call dial (855) 239-3120 from the U.S, (855) 669-9657 from Canada, and (412) 542-4127 from outside the U.S. and request the "Mast-Savara Conference Call". A live webcast of the conference call will be available from the Investors section of Mast's website at www.masttherapeutics.com
SIMPLE CHART ANALYSIS
SUP: backsliding is not likely to happen but if so look for a entry op @.0925-975
REALISTICALLY .095 should be the bounce point
RES: look for selling in the following zones WEAK @.107-12, MID @.13-15, STRONG @.17-26
REALISTICALLY .24 is the RES to look for
Notable RES:
W MBB @.1836/EMA50 @.2634
D EMAs .1175/17/25
-woof
MSTX
MSTX: A Case in Psycological and Financial Pain ToleranceTechnicals imply a sweetheart deal for MSTX bulls to GET OUT @ 10.3-10.4. This chartist implies to just GET OUT. If only I would take my own advice. Literally, I don't even care about a profit anymore as long as my losses are minimized. Anybody else trapped in the 1408-style MASTX? My opinion based on previous trading sessions is B-b-b-bearish, while a hope and a prayer could lead it to formulate this harmonic pattern.
Why MSTX may not rise until at least 10/3With Section 8 Rules, I don't expect the shares to fall much lower than they already have. But, with Fib Time Trend, it looks like shares may not rise until at least Oct 3, maybe early next week? But with the possibility of being removed if shares fall to 6, I can't imagine them falling much more than another penny or so to around 9 before taking off. What say ye?
MSTX GOING FOR ONE MORE WAVE UP?MSTX has broken the daily downtrend with a strong impulse. If it consolidates above the trendline i'm expecting one more wave up. A strong breakdown on this trendline can invalidate the setup.
$MSTX Failure For DinnerWe've spoken a lot on Mast Therapeutics in the Pharmaceutical & Biotech chat, it's absolute garbage.
>60% to be made on the short here, GL and enjoy!
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