Is EVMT a Good ETF to Trade Electric Vehicle (EV) Metals? | Quick Take

In this [Is EVMT a Good ETF to Trade Electric Vehicle (EV) Metals? | Quick Take] video , we will be discussing EVMT, an ETF that was brought to our attention by our viewer, @EZ Mike. EVMT is an electric vehicle and metals commodity strategy ETF that does not issue a K1 tax form. What makes EVMT stand out is its focus on materials used in EVs, such as lithium, copper, nickel and cobalt.

EVMT has a risk-reward profile of 1.4 support to 1.8 resistance, indicating limited movement. To get a more detailed look at its performance, we can also check the ETF's database and see that it has been relatively stable with an average volume of 4K. However, this ETF does offer a 5% dividend and is optionable, making it a potentially attractive option for swing traders.

When looking at EVMT's long-term performance, we can see that its prices have ranged from 16 to 20.28, indicating a slight upward trend. It is also worth noting that the sentiment for EVs has not been positive lately, but we can see a potential turnaround based on recent performance.

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CHAPTERS
00:00 - EVMT
05:29 - BeachBum Trading Sites
06:17 - Discord Invite

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REFERENCES
Weekly Trading Game Plan Notes for 6/3 – 6/7/24 - Part 1 https://docs.google.com/document/d/1XSQewwm4yYE9v8J2QvMWZjJEQp6V1Lt-ggfxeGeqswM/edit?usp=sharing

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