Corus

[Kansrijk]

Hello, my name is Rob from The Netherlands, I am totally new on this forum.
I hope that some of the readers will be so kind to share a their thoughts on CORUS Steel.

Kind regards,
Rob.

 

[FTSE Beater]

Hi Rob

Welcome to T2W

Here's my take on it

Corus has always been very volatile. From nearly £90 down to £5 and now back up to £30. It's interesting to see it couldn't break-down lower than £27 on Wednesday. I really wouldn't like to say where it's heading from here.

Hope this helps

 

[Skimbleshanks]

There are loads of h&s and inverted h&s in that chart - so it looks as if Corus works well on them.

On that basis, the target for the last h&s is 21.25, which looks as if it may just coincide with FTSE Beater's trendline.

 

[ColinRiche]

The above charts are of course in pence and not pounds as stated.

Its another of those penny stocks thats still quite liquid.