Trade ideas are provided as a guide only. Market Matters is not investing in these ideas as we do our other suite of portfolios available here. If trades are updated through the week, these updates will be advised in the morning note and will be flagged as an alert on the home page of the website. Separate emails or SMS messages will not be sent for Shawn’s Trade Ideas. The ideas are General in nature only.
Ramelius Resources Ltd (RMS) $2.27
We have discussed RMS a couple of times over the recent months. In conjunction with the PBOC’s back on the bid in the gold market, we are targeting fresh highs by RMS in the coming months with a small 7% stop from a trading perspective.
Buy RMS below $2.30 with stops below $2.15; our initial target is a breakout above $2.60.
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