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RMS at key support levels, page-3

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walmak

1,523 Posts.

305

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 $1.95		Change -0.020(1.02%)		Mkt cap ! $2.228B

Open	High	Low	Value	Volume
$1.95	$1.96	$1.93	$4.611M	2.371M

Buyers (Bids)

No.	Vol.	Price($)
2	19729	$1.94

Sellers (Offers)

Price($)	Vol.	No.
$1.95	14420	1

View Market Depth

No.	Vol.	Price($)
1	3684	1.940
1	3684	1.935
1	3684	1.930
1	3684	1.925
4	26863	1.920

Price($)	Vol.	No.
1.950	14420	1
1.955	51704	5
1.960	35138	2
1.965	3684	1
1.970	3684	1

Last trade - 16.10pm 03/06/2024 (20 minute delay)


Last $1.93			Change -0.020 ( 1.05 %)
Open	High		Low	Volume
$1.95	$1.96		$1.93	498593
Last updated 15.59pm 03/06/2024 ?

RMS (ASX) Chart