REMX bouncing from important FIB levelREMX might have found a bottom withing the Golden Window based on Fib Trend based extension. Early signs are promising.
Key stats
About VanEck Rare Earth and Strategic Metals ETF
Home page
Inception date
Oct 27, 2010
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
REMX targets an obscure part of the mining marketrare earths metalswhich means it only covers a very thin slice of our global mining benchmark. The fund invests in the largest and most liquid companies that generate at least 50% of their revenues from the global rare earth and strategic metals segment, and has significant exposure to small- and micro-caps and emerging-market issuersthe firms you typically find producing cerium, manganese, titanium, and tungsten. REMX's narrow portfolio holds just a handful of names, selected and weighted by market cap, with a cap of 8% per issuer to ensure diversification. The index is rebalanced quarterly. Prior to May 6, 2024, the '/' in the fund name has been replaced with 'and'.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Process Industries
Stock breakdown by region
REMX 88.7RIt seems like REMX has finally bottomed and therefore could be ready to start it’s bull market any moment now.
This is an 88.7 R trade.
Probability of success 50%
Risk to reward rating 8/10
Overall rating 7.5/10
I have only given the risk to reward rating an 8 as this trade is likely to take a
Trading Idea: Buying the VanEck Vectors Rare Earth/Strategic MetIntroduction
The VanEck Vectors Rare Earth/Strategic Metals (REMX) ETF is a US-based fund focused on rare metals and strategic resources that play an important role in the development of high technologies. REMX repeats the performance of the MVIS Rare Earth/Strategic Metals index. The fund invests
RARE EARTHSHow 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
REMX Rare Metals ETFOn 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 vo
Start Accumulating...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.
Rare Earth/Strategic Metals ETF ($REMX) is Testing SupportMoney Flow Index shows that money is flowing out.
There is strong support but it is on the verge of a break downwards.
Van Eck Rare Earths etf - is that an impulse wave?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?
REMX: The resistance level is broken.The resistance level has been broken with the minimum target level around 120.
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.