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 still a very strong fund to hold and the market shouldn't be bearish forever.
Currently sitting at a support line of R 52.00, if this breaks the next support will be around R R 50.50.
Their biggest holding(5.8%) Vuzix seems to be holding well. But other major stocks did take a hit and are stable but negative at the moment.
Keep in mind this particular Fund has a recommended investment period of 5 years.
Currently sitting at a support line of R 52.00, if this breaks the next support will be around R R 50.50.
Their biggest holding(5.8%) Vuzix seems to be holding well. But other major stocks did take a hit and are stable but negative at the moment.
Keep in mind this particular Fund has a recommended investment period of 5 years.