if it can break 0.22 on good volume expecting pullback and then next stop 0.38. otherwise a longer hod at 0.18 for a , if it can hold it should push higher
Fill the Gap - 47% play for RED 5. By Jun they will be producing gold .. and sitting on 4 Moz deposits. I have a long-term play for 2.35 on this one.
ASX:RED RED 5 Limited (RED) - LONG Red 5 Limited, together with its subsidiaries, engages in the exploration, production, and mining of gold deposits and mineral properties in the Philippines and Australia. The company holds interests in the Siana Gold project located in the Island of Mindanao, the Philippines; King of the Hills Gold project located in the...
With Red on the verge of announcing financing for its King of the Hills processing plant, it is now in the process of completing a bull flag (triangle if you wish). The processing plant will mean no more haulage of ore to the Aphrodite Processing plant 50 km north... a big savings in costs, and with a 16 year 2.4m oz resource, the return on investment is scheduled...
looks like more upside awaits on share price in 2020-2021
increasing volume and resistance levels.
$RED.asx - Daily, Price bounced off 38.2% fibs and support area, trend looks strong with indis are showing bullish signs...looks set to test old highs around 37-37.5c.. with current Gold spot price at US$1600/ oz...took a position, Let's see... FA wise: Gold producer with several projects going to expand resource holding
I've been holding RED since the low .09s and its been trying to establish a base at 10 cents for a little while now. That 11 cent ceiling is proving troublesome and its become stuck in that 10-11 cent channel. Has had SUCH a good consistent run so hopefully it will breakout and continue. Gold sector is a little flat too at the moment with the US / China...
Red range has begun, no longer holding, on watch Dont know, dont care, its just a ticker to me
1. Share prices have been on an upward trend since Nov 2017 and breached its 500 moving average in Dec 2017. 2. Share prices have been trading in an upward price channel since it broke out above the 500 moving average. 3. Some strong resistance at around 0.072 price point for the last two and half weeks. 4. There is a head and shoulder price pattern forming now...