Sygnia (SYG) describes itself as a "specialist financial services group". It is South Africa's largest provider of exchange traded funds (ETF) and has a number of unit trusts. The company has R217,7bn under management and appears to be taking market share away from other asset managers. Sygnia Itrix makes it possible for Sygnia to attract funds looking for...
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...
Sygnia still looking atrective for a move higher as long as the level holds
sygnia bull flag still at play last day to trade this week to qualify for a dividend
this fund manager and ETF provider still looks bullish to the upside
Been waiting for this one for a long time!
Sygnia managed to cling to the upward channel, had a few moments of doubt, but hoping it can move higher from here.
Sygnia having a wild break out of this bull flag. I missed the trade after price consolidation. Cross of the MACD on the Daily chart hints at further bullish momentum. Will be watching this one closely for an entry.
We might see SYG go down to 18 before we can push it high to 24
Very nice bull flag break on Sygnia and an all time high of 2350 seems like a likely target for this flag break.
SYG breaking up from a 30 day consolidation Risk reward 1: 2
I would wait for a bit of a pullback closer to the 1050 level before entering. Today's move was too large to chase in my opinion. Targets 1280 and 1500 if this works out. Stick to stop losses. Market has been moving very strongly this week and a bit of a pullback is imminent.
$JSESYG - breaking lower from a round top pattern Current support is around 840/39