Price continues to find sellers so buy entry alert is cancelled

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 :

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