Steinhoff Analysis

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.