Buyers starting to show some strength and are primed to push higher

Potential Buy Entry Alert to Watch RSG

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $852.2 Billion Market Cap, VWAP 1.135, ASX Ranking 249, 4 Week Av Turnover $6,501,994, Current Turnover (Intraday as at time of alert) $4,308,614, PE 12.7, Div Yield 1.78%.

Company Overview : Resolute Mining Limited (RSG) is a gold mining and exploration company operating in Africa and Australia. The Company has operated nine gold mines which have produced more than 8 million ounces of gold. Resolute currently owns three gold mines, the Syama Gold Mine in Mali (Syama), the Ravenswood Gold Mine in Australia (Ravenswood) and the Bibiani Gold Mine in Ghana (Bibiani).

Broker Consensus : BUY

RSG – Resolute Mining Limited

RSG is in a prime position to continue the weekly move up that it started back at the end of November 2018. Long term buyers have spent a lot of time supporting the 0.95 zone and may be building for a larger move up. Watching now for confirmation that we are on the right track and buyers are holding the higher level.

Stock Code : RSG – Resolute Mining Limited

Company Website : www.rml.com.au

Current Price : 1.14

Status : On watch for potential higher low and buy opportunity