JSEMRF heading to 200MA at R1.45

9 בדצמ׳ 2022

Cup and handle formed on Merafe. This is a short /medium term trade.
We can see the gap down is likely and ready to close.
The first price target will be at 200MA to R1.45
We also have the resource sector dominating the JSE All Share Index. AGL, ANG, HAR, EXX, KIO all looking bullish, which will help push up the Ferrochrome price along with the metals.