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Rare_earth_metals

MP (1D) - Midterm correction to continue ? Hi Traders, I had Long position in MP Materials, because I realy like their business model and really think that in long term US government should and will be supporting companies which provide Rare materials for EV/Battery/drones/... and related sectors. Regardles, the Fundamental Analysis.... Technical Analysis cannot be ignored. You can se alredy formed 1:1: Extension with overlaping of something what could be marked as abc uptrend correction of drop. Im alredy OUT of position with some profit. Its too risky for my RRR ... and will wait for another crash. Everything important is in the chart. As usually, I will notify you with my EW count of subwaves. In case that marked resistance zone around 46 USD will be broken upwards. than we should wait for retracement and confirmation of that area as a support (hence there will be chance to open long position). Trade safe and enjoy the game ;)
NYSE:MPShort
by LongevityContrarian
7
ABML (1D) - LONG Setup - could this be the DIP ? Hi Traders, Today my attention is at the ABML Stock, which is very potential mining // Rare materials refining company. Important stuff for all those EVs and electronic gadgets like drones etc ... (You know, future :D)- So Wave A and B is clearly easy to count. But wave C is tricky ... showing some overlaping what could be marked as triangle also. I am alredy in LONG position with some cash prepared in case of another drop. Without stop-loss for now. Let me know, whats your EW count and FA/TA analysis aboutthis stock ;) Trade safe.
ALong
by LongevityContrarian
2
Upcoming bull market in rare earth mineral ETFThanks 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 correlated) assets. "Rare earths, which are used in the high-strength magnets found in much of the latest tech, from smartphones to wind turbines to electric vehicles, will remain a primary issue for the resource sector well into the next decade as more countries in the west work to create supply chains that depend less on China (investingnews.com)." I will lay out my case for rare earths and you let me know what you think. For: - Bullish RSI divergence between Jan 2016 and March 2020 swing lows. Bullish RSI is when a lower low on the price chart is displayed as a higher low on the RSI. Not a bullet-proof indication, but a sign of weakening in the trend. I have identified some snorter-term bullish and bearish divergences in 2016, 2017, and 2019-20 that marked changes in the direction in price, - A significant draw-down (think retracement). Of course the over-all trend is down presently, and there is the possibility that it could go lower, but I see signs of a recovery. - Increasing volume. - A very bullish aspect is the recent move (+86% in <100 days) since March 2020 which was achieved with much lower than average volume. When the chart goes up on low volume it strongly suggests that sellers are exhausted. - Rare earth metals will be essential to a tech-driven / sustainable energy economy. I do mean essential, they allow jet engines to burn hotter, have greater reliability, and run more efficiently. The move to more efficient aircraft is a meta-trend that is only more important in present times - despite low travel demand (think aircraft retirements due to efficiency - the goal now is for airlines to lose the least money and more efficient aircraft. - China reduced production targets significantly in 2018 due to reducing rare earth reserves (global reserves once stood at 70% but have reduced to ~37% in 2018 www.prnewswire.com) - Trade war. - Whatever happens in the vote in November, the world is turning away from China. Factories are relocating, the possibility of both cold and hot wars are being discussed. But whatever happens, rare earth metals are "strategic metals." That means defence and industry in the US and elsewhere needs them to function almost regardless of commodity price. In 2019 the Chinese Communist Party (CCP) threatened retaliation against the US via halting or restricting the export of rare earth minerals to the US. - Both the US and China have threatened tariffs or restrictions on rare earth minerals, - There are signs that they are making good on this threat (although recent actions are not associated with a clear public CCP announcement about why exports are being limited from the CCP - they never are), - China rare earth exports account for 78% of US rare earth imports in 2017. The US is currently dependent on this stream of imports. Any substitution of supply is going to take a long time to eventuate. - Global trade is generally becoming "stickier" in terms of politics, transport, and travel. Against: - It is an ETF and I generally mistrust ETFs (e.g. SPDR GLD). While they can be useful, I will limit my ETFs to smaller positions. - It is an equity ETF, so it carries higher risk than other more stable investments. - The majority of Companies are from China. I am not a China expert, but I know enough to be concerned with the veracity and verifiability of their financial reporting, and maybe more importantly, there is a possibility that the CCP may annex some Companies or require them to do things that run counter to the organisations own best interests (i.e. restricting or blocking selling to some willing buyers). - Investing in China may not suit you depending on your position on moral investing e.g. Chinese human rights record, mining pollution, or that in China or mine worker death rate is 10x that of the US. - I expect a widespread draw-down in global equities due to a generalised deleveraging. So mining / refining equities will also be hit - possibly harder than average. - MACD weekly histogram is trending downwards and a MACD moving average cross-over to the downside is also possible. - I would put a short-term price at $28-34. - The underlying securities in the ETF have an aggregate PE ratio of 37, which is on the high side. - REMX has a 0.69 correlation with the SPX in the past 3 years, which is surprising given that the charts have been going quite different directions (0.7 and above is considered a strong correlation). If the time-frame was longer, say 5-10 years), the correlation would be lower. On the fence: - I will continue to buy on weakness and am looking for price to hold above $23.91 (i.e. make a higher low) for my bullish outlook to hold. If that low is not exceeded, I would call the bear market over. My outlook is rather bullish, but even if we get a 61% retracement (of 2011 highs), that would mean 500%+ gains from the $23.91 low. If I had to put odds on it, I would lean 70:30 towards bullish - maybe more - given the political situation. If someone should make an ETF with high quality rare earth equities that excluded Chinese companies I would increase that to 80:20 or more. I could write more, but I'm not sure anyone is here at the end :P Protect those funds
AMEX:REMXLong
by flyinkiwi10
11
#REMX - 100% safe? Rare Earth going up? #tradingviewThe 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 correspond to almost a doubling. Companies such as Defense Metals or Lynas are likely to react even more strongly than the ETF, and everyone should be aware of this, depending on their risk appetite.
AMEX:REMXLong
by StefanBode
2
$OSN Ossen Innovation A Compelling Rare Earths Play$OSN has popped up on our radar. The stock is trading above its 20, 50 and 200 day moving averages, which are $2.11, $2.03 and $1.87 respectively. $OSN has traded around the $2 level for most of 2019 and is now starting to perk its head up. Its 52 week high is $3.05 and we expect that level to be taken out in the near future. $OSN is a China rare earth's play and stands to benefit the longer the US/Chine trade war goes on. Rare Earths heated up a bit recently.....longer the trade dispute goes on these plays are on peoples radars. About Ossen Ossen Innovation Co., Ltd. manufactures and sells a wide variety of plain surface pre-stressed steel materials and rare earth coated and zinc coated pre-stressed steel materials. The Company's products are mainly used in the construction of bridges, as well as in highways and other infrastructure projects. Ossen Innovation has two manufacturing facilities located in Ma'anshan, Anhui Province, and Jiujiang, Jiangxi Province, respectively. As always, use protective stops and trade with caution. Good luck to all!
OLong
by InsiderFinancial