How strange do you feel today?
Let's talk about rare earths.
These types of elements of the periodic table are difficult to pronounce but at least easy to locate because they were in a little square outside.
We will need them for chips, electric car batteries and capacitors.
So after this great drop in the stock market these years ago, when they only bought FOMO,...
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...
5 waves up and 3 down in process - C might still have some more down but overall this is shaping up to be a big wave 1-2 and once 2 is in we're going to start the macro wave 3 which will see prices rocket much higher for a long time.
Some nice clear waves perhaps. Fib levels matching up nicely and wave 5 same as wave 1. Could be a chart to keep an eye on if the correction gathers pace from here. The commodity space has been pretty red hot for the last two years and could it be due a breather before resuming higher?
Bull Case on Chinese REE Miners:
Increasing domestic pressure to restrict REE exports from China.
China accounts for 60% of the world's mining of REE, China also accounts for over 80% of the world's REE refining. Refining is environmentally intensive & damaging.
The US & Australia are building out domestic supply chains, but unless they are willing to fight...
70.26 is the recent correction 61.8 fib level. If it holds this level, buy. At this time at 75, if you are a believer in it, buy now. Stop loss is 67. The time is wrong if it gets below 70 for two daily closes. This has a lot of room to run until the 61.8 from the all-time high.
Thanks for viewing,
I get a lot of satisfaction from identifying assets and asset classes that are under-valued. That means looking at some rather hopeless looking charts and looking for potential. Identifying under-valued assets e.g. commodities in chronic supply deficit is also a great way to both diversify a portfolio with uncorrelated (or negatively...
The Vaneck Rare Earth Metals ETF indicates an overall trend reversal in rare earths. The RSI - Relative Strength Index has not confirmed the lows of 2020 compared to the lows of 2016 and has built up a massive divergence on a monthly basis. In the course of the upward movement, the 2018 highs are likely to be surpassed, which from today's perspective would...
Guess who produces most of the world rare earth magnets which we need for electronics like phones, computers and many other things. China China China.
Guess which ETF saw all time high spike in volume yesterday. Not advice. DYOR. #tradewar
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