The trend in Sygnia 4th Industrial Revolution (JSE:SYG4IR) may have changed as it appears to enter the early part of a Stan Weinstein Stage 2 uptrend. This is the second close above the 30w ema, the RSI is showing positive momentum and has regained the 50 mark. The relative strength vs the JSE Top 40 Index (JSE:J200) is trying to turn positive. Although the PPO...
Waiting for breakout of rising channel. Also a rising wedge in play. Although in overbought territory if break out happens i think it could stay there for a while. Time will tell.
JSE:SYG4IR is one this week's 52-week high. That's a wide base, and the ETF is at an area of value. It may be worthwhile to consider this ETF.
JSE:SYG4IR is struggling to break above the resistance level. The ETF itself can be shorted, but I prefer to short the underlying companies; more liquid than the ETF.
Following -38% decline (Nov '21-Jun '22), JSE:SYG4IR is starting to show signs of life. It's trading near an area of value, and it has crossed a key MA. Have a test position.
Hoping to see a test of at least the top of this down channel @ around the 4000 level. My view is that this could possibly be reached if we see further strength in this bear market rally and the USDZAR plays along. I have a position. Be nimble. Don't fall in love with the upside.
Sygnia 4IR ETF currently at a downtrend since mid Feb which is not surprising as many stocks lost alot of value since then, especially the smaller cap companies. This has then obviously had an effect on this particular fund. As it stands, it is still looking very bearish at the moment with no sign of when it might end. Looking longer term(3 years plus) this is...