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.
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.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.