Interesting article:
There was no need for new news yesterday to boost the Steinhoff share significantly. Over the course of the day, the SDAX level exceeded technical benchmarks and peaked at € 0.1271 - the daily high was also the XETRA closing price, gaining 6.72 percent. Revenues in the paper were significantly buoyant, although the upward movement during the course of the day certainly also had a knock-on effect on high-risk short-term traders. Current indications for the Steinhoff share are quoted at € 0.130 / € 0.13 on Tuesday morning, indicating a continuation of yesterday's upward movement.
News is not to be seen this morning, but on the stock exchange a date on Thursday in the focus: On 28 February Steinhoff International wants to present quarterly figures. How extensive the data will be in the absence of previous balance sheets remains open. On the stock exchange one seems to rely on positively interpretable data and positions itself in advance.
Stock market turnover with Steinhoff stock starts
In addition, there are the above-mentioned technical buying signals for the Steinhoff share. Yesterday at the first attempt, the jump over the core resistance range at 0.124 / 0.125 euros not yet, the outbreak of this is now clear. Meanwhile, Steinhoff's share price is already on the way to the next trend-setting short-term signal mark, which extends in the chart of the paper at 0.134 / 0.136 euros. Here are two striking local highs from November and January, supplemented by earlier brands.
While the range around 0.124 / 0.125 euros for the Steinhoff share would now be the first technical support in the event of a setback, a stable break above 0.134 / 0.136 euros would equate to a strong bullish trading signal. In such a scenario, further hurdles would be found around 0.140 / 0.143 euros, but they are rather subordinate. It also remains to be seen which "force" can develop the quarterly figures of the group.