Potential setup here at channel bottom with 200 dma and daily + weekly rsi support.
gotta respect the stop below the volume node outcrop at 37.60, in case it continues to drop to the larger volume node and demand zone between 35-32.
worth a shot i think
MP has been a strong stock and looks to be putting in a successful retest of prior resistance. It is finishing strong and has good volume today. I'm already long this name, but would consider this a good spot for new longs as you can set stops below today's low. My stop loss will move up to that spot.
$MP made a new ATH just recently as I was/am expecting this stock to go far, however, the wave count and the indicators show that the price acceleration has taken the stock to the overvalued zone. The price can still go up if momentum traders pick up the stock and push it more towards the sky, however for long term investors the valuation is becoming rich for what...
This first entry got stopped out and now MP Materials is higher, however it is now hitting the 1.13 retrace and may be setting up to come back down within the range if this is a false move like i expect it is. I will officially call the trade off it it trades above the level of $62 and my profit taking targets will be first $30 then $10. I will be trading this in...
We have Bearish Divergence at the PCZ of a Bearish Gartley with somewhat of a double top and from the looks of it our major target will be $3.43 once it breaks the neckline.
MP Materials ($MP) was awarded a $35 million contract by the Department of Defense (DoD) on Feb 22, 2022, to design and build a facility to process heavy rare earth elements (HREE) at the company’s Mountain Pass, California production site.
This project will establish the first processing and separation facility of its kind for HREEs in support of both defense and...
$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...
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...
Watch for a repeat the last time we crossed above 70 rsi we had an exponential move.
obviously, we have resistance here what I'm saying is this zone could have a dramatic move not sure which way. logic suggests down but.. we are in the exponential age.
I've had my eye on this one for a few weeks now. I'll be looking for some volume to break out of the downtrend line with the idea that there is overhead resistance to be taken out. Once / if it can get over that area it's clear skies ahead, IMO. See notations on chart. This one may be worthy of your watch list. Ideas, not investing / trading advice.
MP Materials long to resistance ~48-49 area. Stoch RSI looks good here, and I expect that the GM deal + inflationary tailwinds will aid the next move up. Stay tuned...
MP Materials Corp. engages in the production and marketing of rare earth specialty materials. It owns and operates Mountain Pass, an industrial asset, which is the only rare earth mining and processing site of scale in the Western Hemisphere. The company was founded by James Henry Litinsky and Michael Rosenthal in 2017 and is headquartered in Las Vegas, NV.
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