New Setup: MPUsing a simple 5-SMA crossing 20-SMA strategy, we got MP setup for a possible up move soon.
M2PM34 trade ideas
MP Materials Options Ahead of EarningsIf you haven`t bought MP before the previuos earnings:
Now analyzing the options chain and the chart patterns of MP Materials prior to the earnings report this week,
I would consider purchasing the 25usd strike price Calls with
an expiration date of 2025-6-20,
for a premium of approximately $2.97.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MP Materials BreakoutMP Materials is benefitting from being the only integrated rare earth mining and processing site in North America. Trade wars heating up with China are a booster for this company which was already benefitting from having a new administration that wants to bring manufacturing back to the US and start sourcing rare earth elements locally.
MP has broken out of a downtrend channel, back-tested the channel and held above, and is now moving higher. Not much keeping this one from ultimately going and testing that all-time high around $60.
Lower indicators are bullish:
PPO shows the green PPO line rising above the purple signal line, and both are above the 0 level which indicates short and intermediate bullish trends.
TDI shows the green RSI line rising above the horizontal 60 level, in the upper half of it's Bbands, and above the purple signal line. Overall bullish trend in short and intermediate term.
*This is one of 50 US companies that I buy and hold in my Roth.
Rising Wedge ????? What do you think about this pattern?
Seems that MP is drawing some rising wedge pattern in h timeframe and also in D.
MP - UniverseMetta - Analysis#MP - UniverseMetta - Analysis
On W1, the price consolidated above the upper boundary of the channel, which may be a signal for purchases, with targets for updating 25. Now a potential retest of this level may be realized, which may lead to a continued increase in volumes for purchase. It is also worth considering the possibility of correction and return to the channel.
Target: 20 - 32
"Buy the dip" one of the largest rare earth producers - MPSeveral indicators suggest MP has finished its 3 year downward sprial and the stock is ready to reverse. The stock price has bounced off a multiple bottom, and crossed above 2020 high. While the stock is in the downward trend, it's trading closer to the lower end of the channel, providing further upside. Fundametally, need for rare earths is imminent. The company has $1.08 billion cash, almost twice its debt, securing its leverage position. Certainly heading upwards
MP just broke declining trendlineNYSE:MP There is a very long wedge to be broken as well. Do you think there will be commodities boom?
MP looks ready for bounceNYSE:MP looks ready for a bounce, long with hard stop daily close below 15.35$. Anticipated price action and targets are shown on the chart.
MP Materials: Falling Wedge With Bullish Divergence at a 0.886The Federal Reserve during the FOMC and in its SEP has hinted greatly towards deep rate cuts in 2024 because they see the CPI going down and no longer feel the need to tighten further, and are under the assumption that great progress has been made.
I for one do not agree with this perspective and think rates need to go much higher before inflation can truly be subsided.
Since the Fed is under what I view as a false assumption, I think we will now see Inflation and the CPI come back up even higher and faster than the first inflationary run up and that we will see this greatly reflected in Food, Energy, and Shipping prices. Along with this, I think it will affect the pricing of Rare Earth Elements which should end up being a positive for the Assets on the balance sheet of producers such as MP Materials, VALE, and US Steel: X, along with the REMX ETF; as demand for ships and other means of shipment/transport increases.
The increase in demand for these types of shipments should also drive demand for the materials the shipping vehicles are made of, which should drive the prices higher for both.
I do not think Gold and Silver will join this inflationary rally due to the collapse of the Japanese Carry Trade, and I do not believe the Dollar will lose much value during this rally in inflationary materials except against the Yen. This dynamic should also limit the rally potential in the big stock indexes, I only really expect certain names to benefit from the kind of inflation we are dealing with.
So in short, I think the Bulk Dry Index continues to rise, Shipping Cost Rise, Ships themselves Rise, Oil Rises, and Rare Earth Materials Rise and when that happens, I suspect the Fed will pivot hard back in the other direction and start raising rates again.
$MPMP Material is best buy here .This stock should have found bottom near 14 range .I expect big return
MP Materials Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MP Materials prior to the earnings report this week,
I would consider purchasing the 17.5usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $0.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
MP MATERIALS long 19.50 cann add at 18.75 sl cls below 17.90
go small only , not much risk as stop is small , can see multiple support area. lets see if it holds for a run
MP - What will you do for me?MP closed the week with a hammer candle, if this is confirmed with next week's candle close, this would set a short term bottom for MP. Red lines above mark the potential target for this wave (1) off the lows. So far it is shaping up as a leading diag off the lows for wave i, suggesting this next wave iii higher will be robust (as long as the low at 20.21 holds). Area of interest before moving higher is 23.1 - 22.33, stop at 22.11 should offer enough of a cushion to allow any upside to play out while limiting your downside risks - 1 Would look for this to be a decent swing (even long-term hold) play 28/31/38 are the first set of targets. If those are achieved this would be the potential wave i of 1 of (1) out of the lows with wave (3) targets of 71/85/101/150. R:R is lovely. Daily closed with a morning star formation that suggest a low could be in. GLTA!
MP 8223Long term I'm loading up on REAL THINGS. Hasn't fully broken out of a downtrend but looksl ike great zone to start nibbling.
MP TA Update with Fundamental Catalyst! Hey Folks,
Once the market digests the news, I think this has a high probability of playing out. The pattern has looked great for some time.
Persistent Bullish divergence has been working towards a move, and a catalyst like China restricting exports of rare earth minerals of all things is simply perfect for the setup. China is MP's largest competitor.
I believe this pattern has been designed and built over the past year specifically to balance out for this news release. I think it's a big deal.
I hope this helps anyone out!
Happy Trading!
OnePath
MP Materials ($MP) ShortMP 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.
Today is the day!Price for MP is extremely low, The potential upside for this is like 30% in the next weeks, today is the report day, so maybe is good time to start a position here. GL
MP Double Bottom with Bullish DivergenceHey Folks!
I found this bullish divergence with a double bottom. There is simply way more liquidity to the upside, I expect a 40-50% return. Failure of this zone could potentially send it towards $14 range, which is less probable imo.
Happy Trading!
OnePath
MP posts an impressive track record of EPS beats.MP posted another good Quarter with a healthy growth both in EPS and Revenues.
The midcap Company has an impressive track record of EPS and Revenue beats. More important, its business might get into headlights - rare minerals miner with double digit growth and 83% Gross Profit margin, 50% Net Income Margin.
Watch for a pick up in volume, it deserves a higher valuation.
#notfinancialadvise. Adjust your size accordingly.
MP Rare time to buyThis has been a despointing few weeks I think this has a shot way oversold. has an uphill battle of resistance along with MA if it can change trend and move past 200 id be a happy man
$MP swing tradePotential setup here at channel bottom with 200 dma and daily + weekly rsi support.
gotta respect the stop below the volume node outcrop at 37.60, in case it continues to drop to the larger volume node and demand zone between 35-32.
worth a shot i think
