Merafe heading to target 1 and already have Target 2 in mind

13. Jan. 2023

New Cup and handle has formed on Merafe following the Old one in 2022
Target 1 at R145 and now a new target of R1.66
Price >200MA first time since Sep 2022

Some info on Merafe
Merafe Resources is a South African company that is primarily engaged in the mining and production of ferrochrome, which is an alloy of chrome and iron used in the production of stainless steel.

Resources is on a nice uptrend in the start of the year including AGL, BHG, ANG, GOLD and JSE:RES. Which I am long pretty much all of them.

Now since 2003, I have had a secret with Merafe. I buy at 60 cents and sell at R1.20... I've been doing it ever since and it's worked like an absolute charm. Touch wood though now that you know my secrets!