Most outlandish target for Merafe yet - R1.72

Rectangle formation has completed with Merafe.

There has been a strong bullish sense with the stock, where the price action has shot above the pattern and is showing upside and demand to come.

We are seeing other signs as well with optimism.

Price>20
Price>200

Target 1 will be at R1.72
ALSIChart PatternsFundamental AnalysisjsemerafeMRFresourcessouthafricaTrend Analysis

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Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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