$MP Potentially Setting up a PB Buy$MP in the commodity space as well potentially setting up a pullback buy back to its base breakout.
Watch how this evolves next week.
M2PM34 trade ideas
MP Materials Strong as Expected$MP made a new ATH just recently as I was/am expecting this stock to go far, however, the wave count and the indicators show that the price acceleration has taken the stock to the overvalued zone. The price can still go up if momentum traders pick up the stock and push it more towards the sky, however for long term investors the valuation is becoming rich for what it is today and I think it is time to trim a bit to lock in some profit or start to sell covered calls
MP Materials: Bearish Re-Entry of the 1.13 ExtensionThis first entry got stopped out and now MP Materials is higher, however it is now hitting the 1.13 retrace and may be setting up to come back down within the range if this is a false move like i expect it is. I will officially call the trade off it it trades above the level of $62 and my profit taking targets will be first $30 then $10. I will be trading this in the form of puts around the current price expiring several months out from now.
MP New All Time HighsMP made a New All Time High yesterday
1 year Long Base
More than double volume on breakout candle
68% Institutional Ownership
Bearish Divergence at PCZ of Bearish Gartley and Double TopWe have Bearish Divergence at the PCZ of a Bearish Gartley with somewhat of a double top and from the looks of it our major target will be $3.43 once it breaks the neckline.
MP Long Term TrendMP Materials ($MP) was awarded a $35 million contract by the Department of Defense (DoD) on Feb 22, 2022, to design and build a facility to process heavy rare earth elements (HREE) at the company’s Mountain Pass, California production site.
This project will establish the first processing and separation facility of its kind for HREEs in support of both defense and commercial applications in the United States.
This award is part of DoD’s rare earth supply chain resiliency efforts, and directly supports the administration’s initiatives to strengthen America’s supply chains as outlined in Executive Order 14017, America’s Supply Chains. To date, DoD has invested over $100M in enhancing America’s rare earth supply chain resiliency as part of its commitments to expanding domestic rare earth element processing capabilities and capacity.
General Motors signed a long-term agreement with MP Materials in Dec 2021, for the supply of rare-earth materials, alloys and finished magnets used in the electric motors that are powering its growing number of electric vehicles (EVs).
In recent earnings,
Quarterly production and revenues climbed 10% and 135% year-over-year, respectively
2021 production of 42,413 metric tons represents highest annual primary rare earth production in U.S. history
Generated $135.0 million of Net Income in 2021; Adjusted EBITDA of $219.1 million increased 414% year-over-year
MP Material one of the best SPACs$MP has been, for sure, one of the best SPACs when it comes to performance. SPACs got hammered multiple times. Barely did some of the known ones hold the $10 ground and some of them now are traded in $2-$3 range per share if now lower. I had a very high conviction on $MP from its DA announcement and I am holding it from before the merger. Today, I see more strength given the fact that they have a good moat when it comes to rare earth material. After China, they are the biggest one in the world and practically the only one in the US. Electrification is becoming more strategic and there have been rumors that China has threatened American companies on cutting off the supply of the rare earth. This is a very strong position for $MP.
Their gross margin is not like a mining or material company, but like a tech company. This year they are projected to have an 82.10% gross margin on 446M revenue. The projection of the revenue for 2021 is 319.30M (137.7% growth compared to 2020). In 2022 the revenue growth rate is estimated to be around 40%.
EV/GP (Enterprise Value/Gross Profit) for 2022 is 15.1 and EV/GP/Growth for the same year is 38.1. It shows the price of the stock is fair. Considering the growth, the price could go lower in a short term to offer a nice opportunity to buy or add. As it can be seen on the chart after the short report released on the 3rd Feb, the price recovered relatively and today it experienced nearly 8% hike so far. This shows the interest in $MP is high. If we can get a 20% discount from these levels to around 30s before the 24th Feb (2021 Q4 earning release) I believe it is a good level to start collecting or adding. This is not financial advice. DYODD
MP (1D) - Midterm correction to continue ? Hi Traders,
I had Long position in MP Materials, because I realy like their business model and really think that in long term US government should and will be supporting companies which provide Rare materials for EV/Battery/drones/... and related sectors.
Regardles, the Fundamental Analysis.... Technical Analysis cannot be ignored. You can se alredy formed 1:1: Extension with overlaping of something what could be marked as abc uptrend correction of drop.
Im alredy OUT of position with some profit. Its too risky for my RRR ... and will wait for another crash. Everything important is in the chart.
As usually, I will notify you with my EW count of subwaves. In case that marked resistance zone around 46 USD will be broken upwards. than we should wait for retracement and confirmation of that area as a support (hence there will be chance to open long position).
Trade safe and enjoy the game ;)
Mp materials - bullishBullish due to increased raw materials prices and technical indicators show an increased interest in the relative young stock
Mp should be interestingWatch for a repeat the last time we crossed above 70 rsi we had an exponential move.
obviously, we have resistance here what I'm saying is this zone could have a dramatic move not sure which way. logic suggests down but.. we are in the exponential age.
$MP - Could this be best investment of 2022? This might be the best play of 2022
Clean count, Fib time confluence, incredible relative strength since Oct, just broke ATH and found support at 21 EMA.
"picks and shovels" play in EV space gives exposure to growth landscape w/o the risk.
This company is the only domestic rare earth mining play giving it particular geopolitical importance over the next decade as the West competes with China for these vital resources needed for all modern technology.
Until Redwood Materials goes public, $MP might be the best investment for exposure to rare earth miners.
$MP - Strong Bullish Flow$MP - Materials Corp. seems to be moving well above EMAs and good volume. Very bullish sentiment PT 1 - $56
$MP Ready to Move Higher?I've had my eye on this one for a few weeks now. I'll be looking for some volume to break out of the downtrend line with the idea that there is overhead resistance to be taken out. Once / if it can get over that area it's clear skies ahead, IMO. See notations on chart. This one may be worthy of your watch list. Ideas, not investing / trading advice.
$MP Long IdeaMP Materials long to resistance ~48-49 area. Stoch RSI looks good here, and I expect that the GM deal + inflationary tailwinds will aid the next move up. Stay tuned...
12/5/21 MPMP Materials Corp. ( NYSE:MP )
Sector: Non-Energy Minerals (Other Metals/Minerals)
Current Price: $41.48
Breakout price: $43.90
Buy Zone (Top/Bottom Range): $42.90-$40.30
Price Target: $45.60-$46.00 (1st), $51.00-$52.00 (2nd)
Estimated Duration to Target: 22-25d (1st), 51-54d (2nd)
Contract of Interest: $MP 12/17/21 40c, $MP 1/21/22 45c
Trade price as of publish date: $3.00/contract, $3.10/contract
MP Holding up Well$MP 's 1st natural pullback post is base breakout is holding up very well in the face of this market and the damage in other growth names.
$45 is the level to watch from there.
She's acting strong so far.
$MP Watching Rectangle Trading Range$MP is a growth stock with some great earnings and sales numbers.
Its been working on its base since it topped in March 2021.
Settling into a rectangle trading range.
Still wide and erratic on the right side
orange bars is what i would like to see to get interested
These 10 stocks just cleared the cloud out of 100+ stockswww.tradingview.com
This is the Watch List for all 10.
They all have cleared the cloud and closed Green. Some have the potential to dip to find support. However , some like this one MP looks ready from right here. All have Green Clouds that are moving up. Some however have some deep slopes of previous Red Clouds that they just worked there way through. I marked every stock on where I found it crossing out of the cloud. This way we can track its movements from the point of interest to better tailor what to expect once it pops the cloud.
AMZN
GOOG
NFLX
COST
BBY
SPOT
MP
OCGN
XPOA
TWTR
MP Materials is a conviction play for meThe chart should be self explanatory. The manic circles are the honey holes in the 2 full market cycles.
MP lookin bullishMP chart is looking strong. 50 MA above 200 MA, Price above the 50 and 5 MA, MACD is green and RSI is up. $38-$40 in the near future.
$MP Basing But Not Ready Yetwhen you correct 55% from your highs, you need time to build that base. That's what $MP is doing.
She is getting there.
Failed a breakout attempt early August and is now trying to base again with rectangle trading range under 50 MA.
Not ready yet but one to continue to watch.
Looking to long at the bottom upward trend29-Aug-2021
Trade within the upward trend channel.
Break below $29 may see $24
