Value making big comeback in October increasing 8.5% MTD compared to Momentum (JSE:NFEMOM) which lost 1.8% of it's value (no pun intended) thus far. Remember - NFEVAL got 16% exposure to Real Estate as well, which makes this performance even more impressive.
Love the breakout today. Any investor looking for some market exposure through local ETF's, can have look at this little fellow (pronounced...value). Watch the 200 Moving Average (EMA) at R7.81. A break a close above this level could be very positive for the ETF price. The ETF does find itself somewhat overbought according to its 14-day RSI and can investors maybe wait for levels closer to R7.30. I do however think that this is a longer-term play.
Link to ETF website: https://aiss.absa.africa/products/etf/ZAE000252466/ZAF
Love the breakout today. Any investor looking for some market exposure through local ETF's, can have look at this little fellow (pronounced...value). Watch the 200 Moving Average (EMA) at R7.81. A break a close above this level could be very positive for the ETF price. The ETF does find itself somewhat overbought according to its 14-day RSI and can investors maybe wait for levels closer to R7.30. I do however think that this is a longer-term play.
Link to ETF website: https://aiss.absa.africa/products/etf/ZAE000252466/ZAF