Potential Buy Entry Alert RSG

Time Frame : Weekly

Sector : Materials

Key Stats : $919.43 Million Market Cap, VWAP 1.265, ASX Ranking 246, PE Ratio 8, Div Yield 1.61%.

Company Overview : Resolute Mining Limited is a gold mining and exploration company with three operating mines in Africa and Australia and development and exploration projects in Mali, Australia and Cote D’Ivorire.

RSG – Resolute Mining Limited

RSG has pulled back since out last breakeven alert but is showing some great longer term potential. A solid support level is dragging in buyer at higher levels as they want in on the action. We are now watching for further confirmation on the lower timeframe charts to get on board for a strong leg higher.

Stock Code : RSG – Resolute Mining Limited

Company Website : www.rml.com.au

Current Price : 1.265

Status : On watch for higher low buy entry setup