4Sight ($JSE4SI) operates in the technology space and put themselves as those working out innovations of the future. Having listened to the CEO one picks up that they are setting up a niche in the technology sector, thus far South Africa is dominated by big tender contracts in the IT space. Though big players usually speak 4IR there's little to show that they are innovating besides custom-made technology for established business.
4Sight is a small cap so there's not much liquidity to support big spending. If you are starting out & looking at growing your little capital patiently this can be a boon. The range of trading is between R0.14 & R0.19, ideally you want to put an order to buy at R0.15 at market open, wait patiently for execution, can take a day or three to find a seller. Once you bought immediately sell targeting R0.18. This can mean a fulfilling growth for small capital not more than R20,000.00.
Conditions:
Entry Range R0.14 - R0.15
Exit level R0.18 - R0.19
Profit Target: 15-20%
Time in the Market: 2-5 days
Longterm Outlook: Use some of the profits to retain some shares. You might not be far from a good trading update, the last time saw the share testing the R0.50 level.
4Sight is a small cap so there's not much liquidity to support big spending. If you are starting out & looking at growing your little capital patiently this can be a boon. The range of trading is between R0.14 & R0.19, ideally you want to put an order to buy at R0.15 at market open, wait patiently for execution, can take a day or three to find a seller. Once you bought immediately sell targeting R0.18. This can mean a fulfilling growth for small capital not more than R20,000.00.
Conditions:
Entry Range R0.14 - R0.15
Exit level R0.18 - R0.19
Profit Target: 15-20%
Time in the Market: 2-5 days
Longterm Outlook: Use some of the profits to retain some shares. You might not be far from a good trading update, the last time saw the share testing the R0.50 level.
