#REDS seems to be holding above the 50DMA after closing the gap

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Nice to see #REDS moving back-up and holding above the 50DMA after closing the gap-up created on results day. A very good set of results, good newsflow and nice to see them busy on their twitter feed at the #smartiot17 exhibition in London. Although my profit on this holding and #BHRD remain small I think both companies have great long-term potential. In the short-term however, the target is to see this one rise above the 1.7p resistance line from August 2016.
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