Rare Earth Materials Sector

For those traders interested in the Rare Earth Materials, I did a video analysis late last week on an Australian Stock - Lynas (LYC - ASX).

The company is about to start production and looks to be basing looking for a move higher. For those that trade the ASX market, it might be worth checking out. This is the most talked about stock on the ASX in aussie forums.

Here is the video:

Lynas continues to trade within this narrow downtrend, and has played out as expected, bounced off the top trendline and now headed for the bottom trendline. Will we see it hit that bottom trendline or will it bounce off the previous low of 0.59.

There was a good short term entry as the price hit the bottom of the channel and has now moved higher to hit the top trendline, this stock is close to breaking out...