If you've been watching the small/micro cap stocks then you've noticed that the rare earths companies are in demand again. The benchmark company is LYC refining rare earth elements in Malaysia from feedstock mined in Aust.
From my RE watchlist. LYC: moving steadily higher. HAS, PEK: Broke higher recently ARR, ARU, NTU, REE, VML being nibbled at. ASM: watching this one for a BO >4.25
That chart all be it a medium term timeframe shows the same setup pattern that I like to trade in my short term trades. An initial impulsive swing up, followed by a shallow lower volume drift sideways. I wait for price to start moving higher for the next swing up. You can see that many of these stocks have started to move higher on the right edge of the chart. This is what my Friday pm scan has detected.