MP Materials ($MP) Short
MP Materials Corp. owns and operates rare earth mining and processing facilities. It owns and operates the Mountain Pass Rare Earth mine located in the Western Hemisphere. MP Materials is one of five non-chain Western rare earth refineries in operation, construction, or recommissioning and their Mountain Pass operation in Nevada is currently restarting... However, someone is a bit bearish on MP Materials. The MP 8/18 22.5P traded 5000x today around 1.10. The daily chart shows a big flag breakdown earlier this year and has continued to downtrend as it approaches this downward trend line. Resistance at 25. A breakdown below 23.75 support could quickly send this sub 22.
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