Steinhoff looks set to clear consolidation

2021年2月20日

Battered Steinhoff looks like it is breaking out of consolidation. Near-term could see breaks above R4, R6, and then finally R9. Past R9 possibly to major resistance until R23-24. Keen to know what others think. Please leave a comment or link to your own ideas!

2021年2月26日

註釋

This is a long-term play, as the suggested blue trendline attempts to show. Unless there are news regarding Steinhoff's settlements etc., the price will not again breakout soon. Expect high intraday volatility, as it is now virtually a penny stock.