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!
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