AfroTez

Steinhoff Analysis

Short
JSE:SNH   None
I know what you might be thinking... dont do it! Speculation in the media is that the rocket rise of Steinhoff is because of the GameStop saga. I doubt it as this has happened with Steinhoff before and it’s nothing special. Sooner or later the price should fall back down so i would not partake in this one. Looking at a day chart would reveal this rocket rise is just a speed bump. I doubt the would be enough momentum here to drive the share price at GameStop levels.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.