$RED - Daily, Price bounced off 38.2% fibs, trend looks strong

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