Wednesday, May 1, 2013

Rare Element Resources Ltd. (REE) Video Chart for Wednesday, May 1, 2013

REE is showing a MACD/PPS divergence that is accelerating in the past two months. The indicators are giving signs that momentum and trend are trying to go bullish with initial resistance at $2.00, but primary resistance much further away at $3.00. Initial support should be watched at $1.78.

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