MP Materials is looking at a strong potential upside after the stock breaks above the falling wedge and stayed supported above the major resistance turned support at US$60.46. Despite overbought signal in, the sell-off remain corrective, which is in a form of a small falling wedge. Hence, we are optimistic on MP materials. TArget is 123.6% at 93.02.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.