$RMS - RAMELIUS - Will it bounce?

Hopefully has found support at the 80 cents mark on both the horizontal historical support level as well as the 90 day linear regression support trading range. Possible 20% upside to get back to the top of the channel. Risk of 8% or so if it breaks and heads down to the next support level. I already hold a few so will see where it goes. I have a stop loss at 75 cents but if it breaks below 79 cents I will probably look to sell. Might be worth a watch especially if it heads up tomorrow. Otherwise stay out or for me it's a sell :)

Ramelius Resources Limited is engaged in exploration, mine development, mine operations, the sale of gold and milling services. The Company's segments include Mt Magnet, Burbanks and Exploration. The Company's operational projects include Mt Magnet Mine, Kathleen Valley Mine and Vivien Mine. Its development projects include Blackmans and Water Tank Hill. Its exploration projects include Milkyway, Boorgardie Basin and Tanami Joint Venture Gold Project. The Mt Magnet gold project is located adjacent to the town of Mt Magnet, approximately 500 kilometers north-east of Perth in the Murchison Goldfield of the Western Australian Yilgarn Craton. The Blackmans gold project is located approximately 30 kilometers north of Mt Magnet, in Western Australia. The Water Tank Hill project lies over 1.5 kilometers west of Mt Magnet, in Western Australia. The Milkyway gold project is located approximately 3.6 kilometers southwest of the processing plant at Mt Magnet, Western Australia.

Trade closed: stop reached:

Broke $8 so sold at $7.95

Comment:

Ran again at the end of July and now up roughly 50%