RED 1.10% 45.0¢ red 5 limited

RED 1 week chart is maintaining an overall upward trend with a...

  1. 866 Posts.
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    https://hotcopper.com.au/data/attachments/4566/4566664-10d26f46f2ae1480863bf5a88ac534ee.jpg
    RED 1 week chart is maintaining an overall upward trend with a good bounce off support on the trendline, RSI and 200sma

    https://hotcopper.com.au/data/attachments/4566/4566695-1d140360f32f0fd0d49d5a1c6e29380f.jpgRED 1 day chart bounced out of oversold territory, now sitting on the 50sma with a few resistance points here up to the 200sma. Next one at 35c if it can push through which may show a golden cross on the chart depending on how many candles it takes

    https://hotcopper.com.au/data/attachments/4566/4566724-1ced81ac2de26388160ee12a56285fe1.jpg
    GOLD USD 1 day chart having a strong surge from a perfect technical support point, also sitting on the 50sma. Many, including myself, feel very bullish about gold as a hedge against inflation. Of course, the world is in a very complicated state at the moment.... We shall see...

    https://hotcopper.com.au/data/attachments/4566/4566753-5e14d71fc973a69c3fb335a943d49a41.jpg
    RED and GOLD charts have been fairly tightly bound over the past year. RED has advanced to being a producer, perhaps just in time for the next gold bull run...

    Just my 2c
    GLAH






 
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Last trade - 16.10pm 24/05/2024 (20 minute delay) ?
Last
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RED (ASX) Chart
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