$REMX - WATCHLIST - SAFE HAVEN -
Added 2024-05-22 11:21:37 +0000 UTCBig test coming up for $REMX which is an earth and metals ETF.
Commodities are moving strong lately too, so this may benefit from this move.
Support was found on the 0.78 Fib at $46 and since then, the 50 Day MA has been recovered and the 200 Day MA is likely to be tested next at $57,
A flip of this level to support and the bulls have a good chance of breaking out of its channel next.
A breakout and hold here and I expect Wave C to be confirmed next.
