Mkango Resources (#MKA.L) is highly leveraged to #REMX, the Van Eck Rare Earth Index. When things are good for REMX, things are very good for Mkango. But when things are bad for REMX, things are very bad for Mkango. See how Mkango’s share price (black line below) overshoots #REMX.

Previously we saw that #REMX had a handbrake turn in the charts following the Iran War (see below). This has caused Mkango to go into a flat spin.

When REMX turns (and it will), don’t be surprised if we hear an almighty Mkango roar.

Stay magical, Wizards. #MKA MKA.L MKA.V