$JSEMRF - Merafe Resources: Double Bottom Neckline Break
See link below for previous analysis.
Merafe has broken above the critical 146 neckline and looks likely to close the week above it.
This confirms the double bottom pattern and the price target 200cps.
Price can still reverse back below 146 but the bullish outlook is invalidated below 104 cps.
Merafe has broken above the critical 146 neckline and looks likely to close the week above it.
This confirms the double bottom pattern and the price target 200cps.
Price can still reverse back below 146 but the bullish outlook is invalidated below 104 cps.
