REMX Rare Metals ETF
On the 4H chart the price is rising above support and the recent bottom.
On the MACD indicator, the lines have risen above the zero line and
over the positive histogram. The moving average "Williams Alligator"
combination shows divergence with the short period MA rising the
fastest. On the volume indicator, high solid relative volume occurred
as the price reached support and has been more or less increased
compared with the moving mean ever since. The volume profile
showed the highest volume at the support level and price has now
crossed above and out of the high volume area.
Fundamentally, rare earth metals are a necessary component to lithium
batteries for EVs and everything else. China has a large number
of rare earth mines and can manipulate the global markets
in these minerals.
I see this as an investment play until there are signs the uptrend
has ended. I will take call option of $81 for the the 5/19 expiration
and close early if REMX makes reversal signals.
In the gold rush of 1849, those who made the most money were
the sellers of shovels and picks. I believe there are parallels
here with regard to EVs, and lithium and rare metals may
yield great profits and the same for EV charging stations
and battery technology. Eton Musk is looking to buy a lithium
mine and put a processing plant in Austin TX. Seems among
other things, he is a bit visionary with regard to lithium and
money. see also the link below
On the MACD indicator, the lines have risen above the zero line and
over the positive histogram. The moving average "Williams Alligator"
combination shows divergence with the short period MA rising the
fastest. On the volume indicator, high solid relative volume occurred
as the price reached support and has been more or less increased
compared with the moving mean ever since. The volume profile
showed the highest volume at the support level and price has now
crossed above and out of the high volume area.
Fundamentally, rare earth metals are a necessary component to lithium
batteries for EVs and everything else. China has a large number
of rare earth mines and can manipulate the global markets
in these minerals.
I see this as an investment play until there are signs the uptrend
has ended. I will take call option of $81 for the the 5/19 expiration
and close early if REMX makes reversal signals.
In the gold rush of 1849, those who made the most money were
the sellers of shovels and picks. I believe there are parallels
here with regard to EVs, and lithium and rare metals may
yield great profits and the same for EV charging stations
and battery technology. Eton Musk is looking to buy a lithium
mine and put a processing plant in Austin TX. Seems among
other things, he is a bit visionary with regard to lithium and
money. see also the link below
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