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Online Share Trading

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Merafe looking strong

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Not applicable
will probably test R4 soon.
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23 REPLIES 23
muc
Contributor
Its amazing how many people hate this share! This is an atm!
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Not applicable
This share is goint to 500 BUT BE CAREFUL! It is very sensitive to the DOW and will retrace 10% without batting an eyelid. It can fall through your stops and you will be in trouble. Make sure that you have enough cash in your account to withstand such a retracement.
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Not applicable
will probably reach R4 today
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muc
Contributor
I am already out at 385 and waiting to re-enter at 360. After that we can ride it to 400.
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JEEBS
New Contributor
the floor just disappeared beneath merafe - anyone know what caused that??
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Not applicable
Muc, what information made you determine that Merafe would drop significantly from the opening high of 390? Similarly, what makes you think it's going to drop to 360? I've been bitten by this dip.
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Not applicable
Anyone have an idea why this share loses volume toward the end of the day particularly in closing auction? Stems the adrenaline rush!
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muc
Contributor
Sorry I can't give reasons on the forum, but it is not a 100% guess.The share will drop to 360 or below by Friday or Monday the latest and will recover to a new high on Monday or Tuesday to 400 plus.
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muc
Contributor
It's the Single Stock Future traders that are taking out their orders while the market is closed.
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Not applicable
Muc, could you please email me the thoughts behind your projection? [email protected] it would be appreciated
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djw
Regular Contributor
Muc - i would also like to see your predications if possible - [email protected] - many thanks
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Galuc
Super Contributor
Muc and send me ur physical address so that I know where to send the kids for food if that does not happen, lol!
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Not applicable
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Maddog
Regular Contributor
Is it a 99% guess?????????????
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ANDY26
Contributor
Hi me to- your views please ,and do u put in your buy order now at your estimated price? are we expecting a selloff this afternoon as like the Aussie market? [email protected]
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delli
Contributor
Does anyone think some SSF's at the current price is a good buy.
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Not applicable
Hmmm, I'n still in on some SSF's got them at 310.
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ANDY26
Contributor
Thats all i trade ,made good money on this allthough out now awaiting the pullback -does anyone have any idea what it will pullback to and when?
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Electrox
Super Contributor
This share has only made profits for me in the last year. To me, one can use look for a good entry point at the 21 day EMA, next support after that if it fails to bounce would be @313. OMO use it oe dont use it. happy trading.
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