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' ".
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$6.74 |
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Mkt cap ! $6.300B |
Open | High | Low | Value | Volume |
$6.75 | $6.83 | $6.72 | $13.84M | 2.049M |
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No. | Vol. | Price($) |
---|---|---|
1 | 4099 | $6.74 |
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Price($) | Vol. | No. |
---|---|---|
$6.77 | 3692 | 5 |
View Market Depth
No. | Vol. | Price($) |
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5 | 2153 | 7.070 |
2 | 5218 | 7.010 |
1 | 1 | 6.940 |
3 | 2844 | 6.890 |
1 | 2481 | 6.820 |
Price($) | Vol. | No. |
---|---|---|
6.410 | 4876 | 5 |
6.480 | 10167 | 5 |
6.530 | 474 | 1 |
6.540 | 392 | 1 |
6.560 | 7613 | 1 |
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