Merafe
Received a query on the name, so I thought I'd also update it here:
Merafe Resources MRF - Now trading 190c, this is another name which our analysis managed flag in February of last year at 61c.
Strong run over 1 and 2 years. Possibly some resistance around these highs. My view is that with the strong advance, the reward to risk is less favorable than in previous months though I'd use retracements to look for an entry.
Original Idea and Recent Follow Up Attached
Merafe Resources MRF - Now trading 190c, this is another name which our analysis managed flag in February of last year at 61c.
Strong run over 1 and 2 years. Possibly some resistance around these highs. My view is that with the strong advance, the reward to risk is less favorable than in previous months though I'd use retracements to look for an entry.
Original Idea and Recent Follow Up Attached
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