REMX Rare Metals ETF

On 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 volume indicator, high solid relative volume occurred

as the price reached support and has been more or less increased

compared with the moving mean ever since. The volume profile

showed the highest volume at the support level and price has now

crossed above and out of the high volume area.

Fundamentally, rare earth metals are a necessary component to lithium

batteries for EVs and everything else. China has a large number

of rare earth mines and can manipulate the global markets

in these minerals.

I see this as an investment play until there are signs the uptrend

has ended. I will take call option of $81 for the the 5/19 expiration

and close early if REMX makes reversal signals.

In the gold rush of 1849, those who made the most money were

the sellers of shovels and picks. I believe there are parallels

here with regard to EVs, and lithium and rare metals may

yield great profits and the same for EV charging stations

and battery technology. Eton Musk is looking to buy a lithium

mine and put a processing plant in Austin TX. Seems among

other things, he is a bit visionary with regard to lithium and

money. see also the link below