A Common Pattern On Rare Element

Rare Element Resources (REE) completed a 6-months H&S bottom after gapping from the neck level 2.50-2.58. Implied target is 3.40. Notice 3 bullish characteristics of this breakout: 1) It took out the 200-day MA, 2) Gap at the neckline (which could be filled & would offer an optimal entry point with a high reward to risk ratio) & 3) Increase volume at the neck level, 4x the avg daily. This may well be a reversal


REE Daily


One Comment on “A Common Pattern On Rare Element”

  1. bouraq says:

    Looks fantastic. Should I start trading shares or what? 🙂

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