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Steinhoff


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#1 KP7

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Posted 26 November 2021 - 12:17 PM

Relax, its the right shoulder on the charts  :)

 

My opinion, we won’t trade 50c…

1) Algos don’t trade H&S

2) H&S is a very unreliable pattern and when they originate, its often at major tops, or major bottoms (Inverse).

 

Still, its always good to hear from the other side of my trade. It’s what makes a market after all, if you are indeed short.


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#2 Scalptrader

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Posted 26 November 2021 - 11:00 AM

Nope. Was wondering the same thing. Csnt find any news.

 

 

Has any one got some news! See share shooting up!!

 

 

Relax, its the right shoulder on the charts  :)


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#3 Squideye

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Posted 26 November 2021 - 09:21 AM

The stock market and the new corona variant in Southern Africa - Shoot first, ask questions later... :rolleyes:


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Everything in the world is only for those who have eyes to see it...


#4 Snippit

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Posted 25 November 2021 - 02:38 PM

Steinhoff – SNH, JSE

 

https://el834862649....inhoff-snh-jse/

 

The negative sentiment chose to persist and tight stops did the rest, obliterating the suggested divergence. The end of the turkey trot and arrival of the new month bodes well for the upturn, which has the indicated 1st target adjustment for the completion of the 1st primary wave. I am holding and watching for a breakout and test to add.

 

snh-d-251121.png?w=869

 

https://www.lifesite...ab-will-poison/

 

 

 

 

 

 


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  1. Trusting strangers on an anonymous chat forum can be a risky business. Even more risky than the stock market.
  2. I have tried to warn the vulnerable, being those without adequate savvy: e.g.: https://swrict.blogspot.com/2018/11/sharechat-warning.html
  3. Vultures circle hereabouts. Give them control and say goodbye to your money. 
  4. Learning links: http://swrict.blogspot.com/2018/11/trader-links.html

 


#5 Sleepwa123

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Posted 25 November 2021 - 11:20 AM

Nope. Was wondering the same thing. Csnt find any news.
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#6 Sleepwa123

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Posted 25 November 2021 - 11:18 AM

Nope. Was wondering the same thing. Csnt find any news.
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#7 DayTraderDad

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Posted 24 November 2021 - 03:54 PM

Has any one got some news! See share shooting up!!


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#8 Squideye

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Posted 24 November 2021 - 11:45 AM

https://www.news24.c...embers-20211124


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#9 DeltaHedge

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Posted 24 November 2021 - 11:34 AM

Then I will change my name to "Quideye"... :D

 

I just hope our patience pays off, its been an age.


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#10 Zanme

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Posted 24 November 2021 - 10:56 AM

https://www.moneyweb...urniture-owner/



What is Steinhoff percentage interest in Pep? What will it be after the handout to Christo?
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#11 Squideye

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Posted 24 November 2021 - 10:22 AM

9 bucks would be a sweet start but she has a lot more to run

Then I will change my name to "Quideye"... :D


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Everything in the world is only for those who have eyes to see it...


#12 DeltaHedge

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Posted 24 November 2021 - 09:39 AM

For perspective…..I hold 1819048 based purely on my chart from May 2020.

I knew the 380 zone would sell back then (note no TT case). Why? From my experience, this was a huge supply level on 20 July 2018.

1) I looked at how violent the drop was (380 down to 195) in three trading days.

2) The level had not been touched in 3 years. 

Based on this, it would have been impossible to clear the 380 zone on the first attempt. 

If you look closely, you will notice how the market reaches a technical level and uses the news as catalyst.

 

My investment/trading is based on the repetitive sequence of Algos, no emotion attached.  I have spent more than 20 years looking at charts, from forex to stocks, been through the school of extremely hard knocks and traded through the GFC.

 

Joining this forum was merely to share my experience and Yes, I am still waiting for R9 by April 2022.  :)

9 bucks would be a sweet start but she has a lot more to run 


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#13 KP7

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Posted 23 November 2021 - 10:38 PM

An alternative view if one is confident charts work on this share # Steinhoff

 

For perspective…..I hold 1819048 based purely on my chart from May 2020.

I knew the 380 zone would sell back then (note no TT case). Why? From my experience, this was a huge supply level on 20 July 2018.

1) I looked at how violent the drop was (380 down to 195) in three trading days.

2) The level had not been touched in 3 years. 

Based on this, it would have been impossible to clear the 380 zone on the first attempt. 

If you look closely, you will notice how the market reaches a technical level and uses the news as catalyst.

 

My investment/trading is based on the repetitive sequence of Algos, no emotion attached.  I have spent more than 20 years looking at charts, from forex to stocks, been through the school of extremely hard knocks and traded through the GFC.

 

Joining this forum was merely to share my experience and Yes, I am still waiting for R9 by April 2022.  :)

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#14 Scalptrader

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Posted 23 November 2021 - 08:36 PM

Buyers will be back at the TL.

 

An alternative view if one is confident charts work on this share # Steinhoff

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  • Attached File  sh2.JPG   158.51KB   10 downloads

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#15 DeltaHedge

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Posted 23 November 2021 - 07:46 PM

She’s melting hard
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#16 Squideye

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Posted 23 November 2021 - 03:09 PM

https://www.moneyweb...urniture-owner/


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Everything in the world is only for those who have eyes to see it...


#17 DayTraderDad

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Posted 23 November 2021 - 09:25 AM

I believe the covid lockdowns in Europe is putting down pressure!
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#18 KP7

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Posted 23 November 2021 - 08:37 AM

Buyers will be back at the TL.

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#19 Junz

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Posted 23 November 2021 - 08:13 AM

We are heading sub R2 at this rate. Pity. I was so adamant that this share continue to rise, that I missed a few good buy&sell opportunities


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#20 DeltaHedge

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Posted 23 November 2021 - 07:00 AM

The more we talk of R12 the more the price is dropping. The TT saga needs to go away. And all the value and valuations will not help at this point. Look at Pepkor results. Wonderful yet SNh is stuck


Yea it’s so frustrating, for some reason there’s a rot on the share price.
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