SYGWD: mean reverting trade?A bearish trend is applicable. The ideal short entry is around 5000. Increase the short exposure for a break below 4900. The target price is set 4700. The stop-loss is set at 5100. A likelihood that a mean reverting trade might unfold. Shortby Peet_Serfontein0
$JSESYGWD Sygnia Itrix MSCI World Index ETF - ConsolidationQuite a few ETF's have entered a period of consolidation after a period of expansion. The Sygnia Itrix MSCI World Index ETF is one of those. After periods of expansion, comes periods of consolidation. Periods of consolidation can be followed by either a period of contraction or further expansion. Very difficult to tell how long this period of consolidation will last. This can create shorter term uncertainty. Longer term investors should just ignore these periods of consolidations and stick to their longer term views. by KoosKanmar6