$MP has been, for sure, one of the best SPACs when it comes to performance. SPACs got hammered multiple times. Barely did some of the known ones hold the $10 ground and some of them now are traded in $2-$3 range per share if now lower. I had a very high conviction on $MP from its DA announcement and I am holding it from before the merger. Today, I see more...
Price descending on decreasing volume
The resistance line at 0.057 has existed since 2010
The RSI has failed the uptrend and may descend to 39 before finding long term support.
Overall I am going to wait for price or RSI triggers before moving.
This might be the best play of 2022
Clean count, Fib time confluence, incredible relative strength since Oct, just broke ATH and found support at 21 EMA.
"picks and shovels" play in EV space gives exposure to growth landscape w/o the risk.
This company is the only domestic rare earth mining play giving it particular geopolitical importance over the next decade...
Uranium charts looking weak across the board, I want to take this opportunity to scalp my last trade for a 20% profit. Wait for the C wave to complete and build a double-sized position, closer to the 200D MA.
I may have to adjust going forward, based on the character of the correction, but a pullback this deep will certainly give plenty energy/base/new money to...
On the technical side, the first 5 wave move from SPAC merger to march 2nd high has retraced more than 50% and bounced off the 150d SMA and EMA....the pattern off the high is a perfect 3 move correction hitting the 78.6% on wave b and the -0.5% on wave c.....on the financial side, they're the only fully integrated rare earth mining and processing facility the...
