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Ramelius Resources Limited

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RMS trade ideas

Ramelius Resources (ASX: RMS) –A Tactical Re-Entry Zone?🟡 Gold-Linked Opportunity: Ramelius Resources (ASX: RMS) – A Tactical Re-Entry Zone? Context: Ramelius Resources, a mid-tier Aussie gold producer, is showing signs of technical exhaustion after a strong rally from its 2024 lows. With gold prices consolidating and RMS pulling back to a key support zone, this could be a tactical opportunity for shareholders and swing traders alike. 📊 Technical Snapshot: Current Price: $2.47 Trendline Support: The long-term ascending trendline remains intact, offering a potential re-entry zone for bulls. Risk-Reward Setup: Defined green/red zones highlight a favorable R:R ratio for those targeting a rebound toward $2.80–$3.00. 🪙 Gold Correlation Insight: The inset chart shows gold (XAU/USD) stabilizing after a volatile June. If gold resumes its uptrend, RMS could follow suit, given its strong correlation with bullion prices. 🧠 Psychological Angle: After a 40%+ rally from the $1.78 low, some profit-taking is natural. But this pullback may shake out weak hands before a continuation move. Watch for sentiment shifts around gold and broader risk appetite—these could be catalysts for RMS’s next leg. #RMS #Gold #ASX #MJTrading #Forex #Trading #Investment
ASX:RMSLong
by MJElahifx
Potential outside week and bullish potential for RMSEntry conditions: (i) higher share price for ASX:RMS above the level of the potential outside week noted on 30th August (adjusted with the incidence of the inside week the following week, allowing activation of the trade above the level of the range for that week, i.e.: above the level of $2.20, as depicted by the blue dotted line and accompanying text on the chart). Stop loss for the trade would be: (i) below the swing low of 27th August (i.e.: below $2.02), should the trade activate.
ASX:RMSLong
by Ivory_Wolf
RMS looking bullishRMS 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.
ASX:RMSLong
by dibster
2
$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.
ASX:RMSLong
by zAngus