MP Holding up Well$MP 's 1st natural pullback post is base breakout is holding up very well in the face of this market and the damage in other growth names.
$45 is the level to watch from there.
She's acting strong so far.
MP trade ideas
$MP Watching Rectangle Trading Range$MP is a growth stock with some great earnings and sales numbers.
Its been working on its base since it topped in March 2021.
Settling into a rectangle trading range.
Still wide and erratic on the right side
orange bars is what i would like to see to get interested
These 10 stocks just cleared the cloud out of 100+ stockswww.tradingview.com
This is the Watch List for all 10.
They all have cleared the cloud and closed Green. Some have the potential to dip to find support. However , some like this one MP looks ready from right here. All have Green Clouds that are moving up. Some however have some deep slopes of previous Red Clouds that they just worked there way through. I marked every stock on where I found it crossing out of the cloud. This way we can track its movements from the point of interest to better tailor what to expect once it pops the cloud.
AMZN
GOOG
NFLX
COST
BBY
SPOT
MP
OCGN
XPOA
TWTR
MP Materials is a conviction play for meThe chart should be self explanatory. The manic circles are the honey holes in the 2 full market cycles.
MP lookin bullishMP chart is looking strong. 50 MA above 200 MA, Price above the 50 and 5 MA, MACD is green and RSI is up. $38-$40 in the near future.
$MP Basing But Not Ready Yetwhen you correct 55% from your highs, you need time to build that base. That's what $MP is doing.
She is getting there.
Failed a breakout attempt early August and is now trying to base again with rectangle trading range under 50 MA.
Not ready yet but one to continue to watch.
Looking to long at the bottom upward trend29-Aug-2021
Trade within the upward trend channel.
Break below $29 may see $24
QE2 results a catalyst to higher pricesMP has been doing well in the past weeks while the small-cap stocks market notably SPACs were beaten down to disappointing prices. Now that there is less than a week to the QE2 results the price is at a pivotal level. There are resistance levels around $39 and $41, which can be broken if $MP reports impressive results as they have done it after their SPAC merger in 2020. Chamath Palihapitiya was the PIPE investor of this stock and it seems it is one of his best so far. The other ones such as $OPEN $CLOV are not doing well. Even, $SOFI did not have a good performance as many of its holders expected. A market rotation to small/medium cap stocks can send many of these stocks to the sky again, but that is a big question for right now as the mega-cap stocks are the safe haven for the big dogs.
Mp MaterialsIn this chart you can clearly see the trading range MP is oscillating in. Once we are breaking above the Fib 0.5 with a closed daily candle above it's a confirmation of the completion of the C&H and a clear break out. And from there I would scale in more for a long position. If earnings are okay, we stay within the pink line and oscillate as this is the new channel.
I
Are we going to break-out?!Well, it seems like...
Multiple signs suggest that we are going to break-out soon.
These signs are: MACD cross, no rejection at the resistance, price above the 2 EMAs.
The only concerning thing is the RSI, it is almost overbought. I think it needs to consolidate for awhile (2-3 days) before it start a new leg up.
Stop loss: below 30.07
Resistance: 35.45, 38.29
the hiatus is back offlooking for a strong rally in this name through the rest of 2021. Everyone and their grandmother wants to make an EV. You need a ton of rare earth minerals to build those induction motors. China & Biden administration even worse relations. Good luck getting your magnets from Shyna 🤙🏽
Looking to short with hike of I/R may turn material sector sour20-06-2021
With I/R hike, it might make commodities/material sector turn sour.
Looking for short term short trade.
TP: $25-27
When both technicals and fundamentals confluence$MP, the rare earth materials company, has reported great quarterly reports in the past year, and this year that proves it is pacing firmly to become a very sound investment in the course of electrification and the global clean energy campaign. After a 55% decline, the price became ripe for a good entry if you missed the train in the first place or add to an existing position. Today, a bounce from the 200 SMA confirms that $MP is on its way to higher targets namely: 39, 48, 64, 69, 89, and 97 in the coming months and years. This is a promising and pretty much a safe bet for those who are patient and want to surf on the wave of electrification regardless of the sector or the companies that fight for it to get a good share of the billions of dollars spent in the next 5 to 10 years. My target for the next 12 months was around $40, but if we continue with the momentum that we have seen in the past few days in the growth stock, we should be there this year. This is not investment advice, DYODD!
OversoldMP is definitely in oversold territory. Lowest RSI since around $12 price. Today it bounced off the weekly long term trend line and support from 12/24. Would really like to see it stabilize tomorrow and head back towards $30.
Stagflation Play #2American rare earth materials supplier. The stock's getting a buzzcut, too expensive vs. sentiment atm, but hey nothing's cheap today, and if you're driving an EV in the next couple years, you're rig needs hella strong magnets to efficiently propel that induction motor.
I think it ricochets somewhere off $18-20 then somewhere in the $40-$60 come September. Bull thesis is customers locking in orders in the here & now drive up pricing while they wait on semis to fit & finish.
not much history to go off of, potential dip entry herenice little support one area, good risk reward if you enter with tight stop loss, long 30 stop loss 26 price target 37-40! goodluck, dont forget to like and follow if you enjoy my ideas <3
MP 2021-01-16Fib 0.618 stepped. bull flag appeared. with some basic levels, you will see what are the supports and resistances. The company will go huge.
$MP Technical Analysis$MP $32.44 and the point of control will be the next key resistances coming up. Currently sitting at $30 support. I like the risk reward ratios from here with stop loss if 30 support does not hold.
