Is STEINHOFF trying to recover? Is this the best price we will see in a long time?
Testing some price action ideas. Testing.
Wait for the new monthly pivot , watch what price does on lower time frames, be cautious.
Price can do anything. Beware the anchor.
@GOVENDLO, Hi there, it is a bit difficult to tell now, there is no previous price action data to find a "bottom". If you trade with price action, there would be better setups on other stocks with higher "probabilities" to trade. I would just watch this for now and see how price behaves, with the history of this stock there is no telling what it could do now. Take care.