$RED - Will it break through resistance and keep climbing?

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 uncertainty but one to watch especially if it breaks that 11 cent mark.

Red 5 Limited is an Australia-based company, which is engaged in gold production and mineral exploration in the Philippines. The Company's principal asset is the Siana Gold Project. Its Siana Gold Project is situated on the island of Mindanao in the Philippines. The Company's principal asset also includes the Mapawa Project, which is located approximately 20 kilometers north of Siana Gold Project. Its Mapawa Project is a gold-copper porphyry prospect, which forms part of the Company's regional tenement portfolio in the prospective Surigao del Norte mining province in the Philippines. The Company's exploration targets across its tenements include Siana Gold Project-underground in-fill drilling, Dayano propect, Alegria propect and Madja propect. The Siana Gold Project produces a total of approximately 59,663 ounces of gold. Its Siana Gold Project processing plant processes a total of over 692,384 tons of ore per annum.

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Nice little 10% bump today on RED. Its hit 11. Now hopefully will try and establish some support above 10 cents.

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20% up now.

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Sold at $1.25 and locked in profit.

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Red has been running again. Up 100% over the last 2 months but has encountered resistance at 25 cents. Has had a couple of goes at it but needs some more volume support. Worth a watch.

* Correction to above post - I would have sold at 12.5 cents

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200% increase over the last 12 months since identified.