The VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) is likely to get some media attention Wednesday with China hinting about an export ban. If you think this might come up on Jeopardy tonight, the minerals in question include one of a set of 17 chemical elements in the periodic table, specifically the 15 lanthanides, as well as scandium and yttrium. (Don't ask me to pronounce any of them.) Now you know more than most people, but let's check out the charts of this physical ETF that is involved in this space.
In this Point and Figure chart of REMX, below, we can see a potential double-bottom pattern. A trade at $15.31 will be positive and the big breakout point is a trade at $16.57.
Bottom-line strategy: This was a very short and simple look at REMX. Do your own research and investigate if you want to make an investment.