RMS Buy Entry Alert Cancelled

Price action sees further selling pressure as commodities continue to come under pressure.

 

Original Alert 6/7/18

New Buy Entry Alert RMS

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $303.89 Million Market Cap, VWAP 0.58, ASX Ranking 455, 4 week Average Turnover $644,543.

Company Overview : Ramelius Resources Limited (RMS) is a gold mining and production company with its primary production being focused at the Mt Magnet goldmine. RMS also holds a portfolio of other development projects in Australia and USA.

 

RMS – Ramelius Resources Limited

RMS has managed to hold higher levels as buyers give us another opportunity to join in the action. We are now watching for a buy entry trigger on a push through 0.605 and will be happy to hold the stop loss level at 0.55. If price pushes through 0.55 prior to entry then we will re-assess the alert.

 

Stock Code : RMS – Ramelius Resources Limited

Company Website : www.rameliusresources.com.au

Current Price : 0.585

New Buy Entry (Trigger Level) : 0.605

Potential Sell Exit Zone (Stop Loss) : 0.55

Status : On watch for buy entry trigger