Steer Technologies Inc (STEEF)

[foxi]

I still think it's the dead cat bounce, just because it was so far oversold in the last breakdown.

The company already said it has no news. This DD (old but still relevant) suggests company insiders have a zillion shares and want to dilute. So imo they maybe let up the selling pressure so price will go back up so they can run it into the ground some more. :P

https://www.reddit.com/r/CanadianInvestor/comments/l5mr8z/the_definitive_rebuttal_to_every_facedrive/

It's a risky buy at the moment having already had a good run. Often you'll see a structure like Head & Shoulders appear signaling reversal. That's where it's teetering at the moment. IF it can get out from under resistance it could keep running. Daily chart suggests it could totally keep running.

https://www.investopedia.com/terms/h/head-shoulders.asp