head and shoulders correction MP Materials can experience some short term bearishness but then right back in the game they would go
M2PM34 trade ideas
Great dip opportunity - bounce on long term trend supportOne of our favorite speculative and strong fundamental value plays as a "pick and shovel" for the uprising EV sector. Bounced of the long term trend line - PT $50.
[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.
MP Materials - LONGNice breakout in a company that will benefit from inflation and the declining dollar.
MP MaterialsGoing to create a starter position
Maybe 200 shares and just have it sit in my long term portfolio
Chamath is an investor here
$MP Retraceament and long opportunityMP is a play on rare earth minerals. If it retraces to 1, 2 and 3, I will sell LEAPS (a lot if it reaches 3).
$MP Materials , Channel Breatout Imminent
MP setting up for a major channel break
Momentum in strong uptrend.
MA's have crossed bullishly.
Alert set for move above $16.50
Targets $18.00 - $18.50 - $20.00
