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MP MATERIALS CORPMP MATERIALS CORPMP MATERIALS CORP

MP MATERIALS CORP

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MP trade ideas

When will it break out?The red line is the weekly trendline and the green is resistance at $35.29. Tomorrow and next week i'll be watching to see if it breaks above flag or moves down to the weekly trend line. I believe it WILL break out, just a question of tomorrow or end of next week? For tomorrow it would need to break strongly above $34.35 to signal the move upward. Ideally we see all the way past $35.29. Otherwise, we are coming back to the red trendline and then the squeeze is strong next week. I am a super amateur, do not trade based on my advice. Any good ideas are just luck at this point! :)
NYSE:MPLong
by BrianClow
Pennant - could be a nice swing setup for a breakout playThe EV sector has cooled off a bit to reset RSI. A stellar earnings report and commensurate market reaction for TSLA this week could possibly fuel the drive up higher. This name has been consolidating in a narrow range for the past month or so and per the chart, we can clearly see the pattern of a wedge as it is trading the bottom of the trend line. This could be a buying zone for a swing trade to test the upper trend line and as a bonus, if it breaks out, could attempt the 100% fib extension target at around $42. LONG
NYSE:MPLong
by SimplyCash
MP - January 10, 2021MP 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 80% of this global market share. The materials mined at Mountain Pass are used for many tech products we use every day but more importantly the materials are used to produce several components in electric vehicles which will be a high growth industry over the next few years. They experienced 76% YoY growth in revenue last year and a 159% YoY adjusted EBITDA growth in Q3. They already have nearly $2B of capital invested in state of the art production facilities and have a pro forma net cash balance of over $500M. This stock has been consolidating well the past week at the $28 support level and can breakout to the upside for a test of the ATH at $40.74.
NYSE:MPLong
by AptitudeFinancialAdvisory