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Ramelius Resources Ltd (RMS) $94.5c

RMS rallied +10.5% yesterday making it the top performer within the ASX200 and if we are correct both RMS and the gold sector have further to rally, it may have already bounced ~60% but we feel at least the next 20% looks set to be on the upside.

  • We think RMS can now rally towards the $1.13 initial resistance following Jerome Powell’s dovish statement.
MM is bullish RMS initially looking for a further ~20% upside
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Ramelius Resources Ltd (RMS)
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