Cancel RMS alert for a Buy Entry at 0.605.
The price action is not playing out to plan as we are seeing a bit of a squeeze on buyers.
Original Alert 22/6/18
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