Taking profit - MRF
The second target price has been reached on Merafe Resources Limited and for those traders that stayed in the trade, the trade idea has come full circle and now you can decide what to do next.
For those who bought the equity in their EasyEquities portfolio, the second target price of 170c has been reached and you have the choice to keep it or sell for a profit. Just a reminder again about the liquidity constraints and that you will not necessarily sell it at 170c today.
Always remember to apply your risk management measures before placing your trades as this will keep you trading in the markets.
Read more notes by Barry HERE.
All charts sourced from Bloomberg
Barry Dumas | Trading Specialist at GT247.com
Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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