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dibster
Nov 12, 2021 4:56 AM

RMS looking bullish Long

RAMELIUS RESOURCES LIMITEDASX

Description

RMS has broken through a longer term trendline with some bullish implications.
The price control line for the bars shown is at 1.715 and there has been significant trading here and through to 1.80 (seen by volume histogram on the right)
Buying volume has stepped in this week and Twiggs Money Flow looks set top pop above zero.

As well the Stochastics are showing a very bullish posture with both the short and long term indicators showing a clear bullish bias to the upside. In contrast, you can see at Point A, only the short term Stochastic (in grey) carried the momentum up.

A bullish weekly close above 1.85 would see the bulls in control.
Comments
dibster
So true Rogue. I see SLR duking it out with RMS - similar setups and am expecting some momentum to build in this run.
RogueCleaner
RMS and other ASX gold miners have stabilised and are getting buyers. Gold price close to breaking out. AUD is crashing... its all helping
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