M2PM34 trade ideas
[Long] MPI noticed MP was pulling back on low volume.
Two consecutive red days had very small volume.
I took a large position at the green arrow. Fundamentally, it is one of my favorite longs. I did not take the position on chart alone, but the low volume red day was a strong clue that price could not move lower.
I am still long and will see where this goes.
$MP Materials Bullish $32.25 Short Term target, New Gold
Short term trade target for $MP $32.25 ish
where we have multiple Fibonacci levels converging.
Moving Averages rising in strong support
Extremely bullish sector as rare earths becomes the new GOLD
Chamath Palihapitiya is behind this and some of the most successful SPAQ's in 2020.