if this trendline holds its ready for some shares/calls! good risk reward with a tight stop, long 33.5 stop loss 31 and price target 40, then 45 if 52w high resistance can break! goodluck to longs :) leave a like if you found this idea useful !
MP has recently pulled back from its impulse high of $40. The 4hr chart is indicating a falling wedge pattern with good buying volume and MACD bullish divergence. May be a great entry point to test all-time highs.
MP Materials owns and operates the Mountain Pass mine and they are the only scaled rare earth element mining company in the entire western hemisphere. This gives them a competitive advantage with the opportunity to restore the rare earth supply chain to the U.S. They own 15% of the global market share which is 75% of the market share outside of China as China owns...
This stock has been swinging within a 2 week timeframe. The next move upward is overdue. Pressure from Dec 31 sell-off and the Georgia runoff kept it grounded close to $30. It didn't break support channel, which makes me very bullish at this stage. Good luck traders!
potential upside to 40 if this support holds, long 29.5, stop loss 27.5 pt 40. great risk reward with proper risk! goodluck <3
2 possible scenarios. Most likely to go back down to low 30s.
MP Materials can experience some short term bearishness but then right back in the game they would go
One of our favorite speculative and strong fundamental value plays as a "pick and shovel" for the uprising EV sector. Bounced of the long term trend line - PT $50.
I noticed MP was pulling back on low volume. Two consecutive red days had very small volume. I took a large position at the green arrow. Fundamentally, it is one of my favorite longs. I did not take the position on chart alone, but the low volume red day was a strong clue that price could not move lower. I am still long and will see where this goes.
Short term trade target for $MP $32.25 ish where we have multiple Fibonacci levels converging. Moving Averages rising in strong support Extremely bullish sector as rare earths becomes the new GOLD Chamath Palihapitiya is behind this and some of the most successful SPAQ's in 2020.
Nice breakout in a company that will benefit from inflation and the declining dollar.
Going to create a starter position Maybe 200 shares and just have it sit in my long term portfolio Chamath is an investor here
MP is a play on rare earth minerals. If it retraces to 1, 2 and 3, I will sell LEAPS (a lot if it reaches 3).
MP setting up for a major channel break Momentum in strong uptrend. MA's have crossed bullishly. Alert set for move above $16.50 Targets $18.00 - $18.50 - $20.00