Just some words on the REMX:
1.) It's not a RE only play - it's a sack fill of trend material companies bound together.
If you want a RE play, buy the originals (The Chinese ones, Lyc, MP) not the copies - for sure for the cost of a cluster risk.
2.) Guess who decided yesterday to pay out a dividend of 5,892$. Exactly - van Eck did it for the REMX. So most probably your 9% drop was ex Dividend value (roughly minus 6%) plus triggered stop losses at the bottom of the ascending wedge ... that - on a broader scale than you show - is still within a parallel channel and may belong to an ABC correction instead an abcde triangle formation.
My decision is clear - buy the originals, put TT on ignore and always ask "what's behind a statement / 'qui bono' ".
Today marks the end for LYC, page-58
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Last
$6.22 |
Change
0.070(1.14%) |
Mkt cap ! $5.813B | |||
| Open | High | Low | Value | Volume |
| $6.21 | $6.22 | $6.07 | $13.54M | 2.193M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12000 | $6.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.22 | 12273 | 2 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |