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...
Sygnia have launched their Sygnia Itrix FANG.AI Actively managed ETF (JSE:SYFANG). This chart reflects a custom index of the stocks held (as per the Sygnia marketing document at launch). As the SYFANG ETF chart has no history this custom index could help in providing a technical view. Please note that these are US stocks and therefore do not take into account the...
Triple Bottom formed on Sygnia ITRIX then we had horrid price action up and down.
This happens to high volatile and low liquid stocks.
The best we can do is widen the stop loss and take profit.
Sowe did and today woke up with the price hitting our target price R30.44.
Best to leave this alone because between the gaps and the crazy price action, it can fall just...
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.
