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RMS at key support levels, page-3

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walmak

1,512 Posts.

303

07/09/21

14:03

Post #: 55892563
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Originally posted by Joelstar: ↑

Rms has dropped to a key area of support. This primary area of value has been hit several times over last 2 years. This line in the sand offers a great entry point, however if this line is breached, price could drop below March 2021 lows and revisit $1.10. Personally looking to accumulate more around these levels. The risk reward ratio looks positively skewed in the short term. Stochastic indicator shows how oversold RMS is. The previous two times Stochastics actually dropped to these extreme levels, price increased by approximately $2.15 and 80c respectively. Volumes are trending down during this correction which adds to the positive bias.
GLTAH
DYOR

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...if you look closely the support is actually at $1.465...RMS already hit S1.465 last Friday 3/09/21 sp could fall below March 2021 lows only if it will drop today below $1.465...

RMS Price at posting: $1.47 Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last $2.09		Change 0.030(1.46%)		Mkt cap ! $2.388B

Open	High	Low	Value	Volume
$2.08	$2.09	$2.06	$9.314M	4.481M

Buyers (Bids)

No.	Vol.	Price($)
6	129217	$2.07

Sellers (Offers)

Price($)	Vol.	No.
$2.10	315704	20

View Market Depth

No.	Vol.	Price($)
6	129217	2.070
4	87109	2.060
5	125708	2.050
1	6694	2.040
2	9275	2.030

Price($)	Vol.	No.
2.100	315704	20
2.110	276523	11
2.120	119432	10
2.130	108979	5
2.140	22024	2

Last trade - 16.10pm 30/04/2024 (20 minute delay)


Last $2.08			Change 0.030 ( 1.44 %)
Open	High		Low	Volume
$2.07	$2.09		$2.06	1719817
Last updated 15.59pm 30/04/2024 ?

RMS (ASX) Chart