Read article here
After a year of consolidation, it is almost time to rebound to its glorious days. It has fallen almost 50% from its peak to the current support level at 15.20.
The breakout seems feeble and I expect it to be a false alarm and is likely to fall further.
So, let's wait and see how it behaves next week.......
shenghe refines rare earth in China and imports many REOs oversea. From my perspective it is becoming the Glencore in rare earth industry as it wants to hold as many oversea mines as possible .
current analysis shows target price around @34 rmb