Merafe showing strong upside to R1.47 after great results

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MERAFE RESOURCES LTD (JSE:MRF)

JSE:MRF MERAFE RESOURCES LTD

trendanalysis chartpattern fundamental merafe jsemrf jse alsi southafrica chrome

Cup and Handle has formed on Merafe and once again it looks like it's going to head to the top of the channel yet again.
Also results have come out beating expectations by over 30%.
We have other indicators showing upward momentum including:
7>21
Price<200
RSI>50
Target R1.47

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