Price ready to kick on and make a run for new highs

New Buy Entry Alert RMS

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $306.54 Million Market Cap, VWAP 0.585, ASX Ranking 451

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 is looking ready to break out and go for a run higher as buyers support price. We are now watching for a buy entry with a push up through 0.605 and will hold the stop loss level at 0.54. If price pushes down through 0.54 prior to entry, we will re-assess the alert.

 

Stock Code : RMS – Ramelius Resources Limited

Company Website : www.rameliusresources.com.au

Current Price : 0.595

New Buy Entry (Trigger Level) : 0.605

Potential Sell Exit Zone (Stop Loss) : 0.54

Status : On watch for buy entry trigger