Sygnia had a good run from April 2020 rallying from R6,54 to a peak at R21,25 in February 2021. What is most positive is that this rally unfolded in five waves labelled (1) to (5). Since the peak, the share has traded in a clear consolidation manner moving generally sideways. This adds further bullishness as the bears have not really taken control but its more a case of the bulls taking a breather. It's hard to say what corrective pattern is unfolding but the long-term view remains bullish.