Weekly chart showing the REMX ETF which is a proxy for rare earths. The below chart is a weekly chart which has just triggered bullish crosses on the indicators. The daily charts are already signaling breakouts. Price is now approaching multiple resistance levels with the blue & green down trend lines intersecting at the red resistance zone. If REMX can break above the low $50 area (green down trend line) then we should see price rally into the $60 area. REMX is a sentiment indicator for rare earth stocks. I am not showing volume on this chart, but whilst it is picking up, it needs to increase to indicate that sentiment in the REE sector is turning bullish.
Weekly chart showing the REMX ETF which is a proxy for rare...
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 (20min delay)
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $39.56M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $16.61K | 145.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1139088 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 168859 | 3 |
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| Last trade - 15.53pm 08/11/2024 (20 minute delay) ? |
| RDM (ASX) Chart |