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Jsemrf

Merafe upside from the newest C&HCup and Handle formed with Merafe with the previous Breakaway gap that took place. The price has broken above the Brim level and is flirting with the 200MA. Also the price needs to move up to fill the gap. These are all bullish signals including: 7>21 Price<200 RSI>50 Target 1 will be to R1.47 ABOUT THE COMPANY Merafe Resources is a South African mining company that operates in the ferroalloys sector, predominantly in the production of chrome. Partnership with Glencore: Merafe Resources is best known for its partnership with Glencore. Through its subsidiary, Merafe Ferrochrome and Mining (Pty) Ltd., Merafe participates in the earnings of the Glencore-Merafe Chrome Venture. Primary commodity: Merafe's main commodity is ferrochrome, which is a key ingredient in the production of stainless steel. Formation: Merafe was incorporated in 1987 and has been listed on the Johannesburg Stock Exchange (JSE) since 1988. Headquarters: The company is headquartered in Bryanston, Johannesburg, South Africa. Extensive operations: The Glencore-Merafe Chrome Venture operates five ferrochrome smelters, 22 ferrochrome furnaces, and nine mines, making it one of the largest ferrochrome producers in the world. Sustainable mining: Merafe has an Environmental Management Program (EMP) in place, complying with the National Environmental Management Act. Women in leadership: Merafe has made strides in promoting women in leadership positions. The company's CEO, Zanele Matlala, is one of the few female CEOs in the South African mining industry.
JSE:MRFLong
by Timonrosso
Merafe reached the first target at 113c now down to 73c?First, Merafe hit our target at R1.00. This was due to a Box Formation which the price broke below. Also above the Box Range was Buy Side LIquidity, where Smart Monet came up and swept and sold into the levels. This brought the price down and then some. Inv Cup and Handle formed on Merafe. And the price has broken below the brim level. Also the price is testing a crucial support around 100. Below that and it'll come down further. 200>21>7 RSI<50 Mt next target for the ferrochrome giant is to 73c. ABOUT THE COMPANY Merafe Resources Limited, commonly known as Merafe, is a South African mining company primarily focused on the production of ferrochrome. The company was established in 2001 and is headquartered in Johannesburg, South Africa. Merafe operates in partnership with Glencore in a joint venture known as the Glencore-Merafe Chrome Venture. The partnership holds interests in various ferrochrome assets in South Africa. Ferrochrome is a key ingredient in the production of stainless steel and other alloy steels, providing them with corrosion resistance and other desirable properties. Merafe's primary asset is the Glencore-Merafe Chrome Venture, which includes the Wonderkop, Rustenburg, and Lydenburg smelters in South Africa. The Wonderkop smelter, located in the North West province of South Africa, is one of the largest ferrochrome smelters in the world. Merafe's operations involve the mining of chrome ore, which is then processed into ferrochrome through a smelting process. The company also has an interest in chrome ore reserves and resources. The Glencore-Merafe Chrome Venture has a significant market presence and is one of the world's largest ferrochrome producers.
JSE:MRFShort
by Timonrosso
Merafe heading to target 1 and already have Target 2 in mind 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!
JSE:MRFLong
by Timonrosso