Strangle - MP Sold a Put option at 30 and sold a Call option at 50, with high IV rank of 37.
This is a bullish play, so the delta is 10. Pretty much have I have 10 shares of the S&P 500.
Hopefully it goes up and pass my Put strike.
MP trade ideas
Bullish for the LT - MP is a LT Play on EV raw material needsMP is a fairly resent listing. Look to place a "Buy Stop" entry around 46 if triggered place a "Stop Loss" exit around 42 for risk management.
Manage a Bullish position above the Blue Turning Line. Stay Bullish if the the ADX/DMI green line stays above the ADX/DMI red line. Choppiness indicator should confirm by heading south.
Intended to be a long term play on future EV raw material needs.
MP Watching for Breakout at $41Narrow range today, minor down tomorrow and breakout possible if the market finally goes up on stimulus news.
If stim won't buoy the market, it'll get even uglier soon.
Interesting company with a 17% share of the worlds rare earth metals used to create magnets for electric motors.
Huge upside as the world electrifies.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Trend line holds, good entry point.With all that happen recently in the market MP is holding strong. Bullish trend line continues, which makes this a very good entry point.
RSI is currently oversold.
I am not a financial advisor, and this post is informational only. Trade at your own risk.
diggingLiking the setup for MP, similar structure repeating compared to its initial rising wedge out of the SPAC gate. Decent support amidst a horrid tape. Coiled spring if rates back off and indices rip. A miner exposed to tech manufacturers, naturally would trade somewhere between these two industries. Integral part of the future tech & transport.
More dip buying @ $29MP is at a critical support which is not just a trend line support, but also the 50MA.
If the broader market weakness ends, I can see MP re testing the $50 high this year. Earnings later this month can be another possible catalyst, although I don't think positive earnings will be enough if market is weak. RSI still has room to dip, so I wouldn't be loading up here if you want to average in. If you don't hold a position though, great price to start at.
If the sell off continues today, I see a great opportunity to dollar cost average at $28-29.
MP is a great hold in my opinion, and has played beautifully with my previous price targets -- although a few weeks later than I expected (but eventually crossing my original price target of 42!)
Good luck!
watching batteries get maderounded out a nice trough and now it's testing the 0.5. Hyper growth room to run, can't see rare earth materials fall out of demand until battery chemistry changes and/or meteorite space mining comes online. Sept 17 60 CALLS LONG $MP
MPMP: Long on the forward looking need for rare earth elements that MP produces; Primarily in EV, drones, defense systems, amongst others. Strong above the 50MA and 200MA; Positive performance for the Month: +40%, Quarter: +89%, 1/2Year: +250%. Earnings scheduled for March 18, 2021 after market close.
$MP Materials Breakout Targets
Please see the chart for out projected Fibonacci targets for MP if it can hold
the breakout level tomorrow.
A nice 4% move after-hours sets it up well for Fridays session.
Off course it very much depends o the market conditions.
We have our stop loss placed just below the breakout level as this stock does have a volatile nature.
$MPDescending triangle along a horizontal support
4hr classic bullish divergence MACD and hidden bullish divergence RSI
Daily hidden bullish divergence on the MACD and RSI and local classic bullish divergence on the MACD
Stop = Below horizontal support
1st Target = ATH
2nd Target = Measured move (from where is breaks the supply line)
Rare earths becoming even more rarer - technicals bullishNews headlines are indicating greater trade tensions with China as they have reported tightening up their export/supply of rare earth metals to the U.S. The Biden administration is kicking into high gear the ability for the U.S. to supply and source its own rare earth metals to meet the demand of the growing tech/EV sectors. MP broke a critical resistance of its previous $40 high to reach ATHs today. The daily chart has a showing a "cup" formation and the MACD has crossed over for a bullish divergence buy signal. We are long and strong. Next target: $57 based on the 100% trend-based fib extension target.
more off a double bottom? if we break back above 100 and 200 ema we can see a much bigger upside
i like it
bullish continuation Downward channel break two attempts to make low, strong move with 618% pullback 2 entries posted
$MP on break-out watch listI like how this name has been acting the last few sessions. I'll wait for more upside confirmation, hopefully by tomorrow (2/10) TBD. Ideas, not investing / trading advice.
Long MP Materials to 200% and aboveLargest source of rare earth metals in America. Rare earths are a critical input into critical climate change, EVs/battery technologies in general. This company is also likely to receive a lot of government support over time due to massive expected demand for rare earths and to decrease US's reliance on China for rare earth material. In the long term I believe this can go to $100.
Find out more about this company here www.youtube.com
PT 1: $48
PT 2: Above $60
It has a fairly obvious support at $28.5 in the descending triangle pattern but I wouldn't panic even if it drops below it. This industry has very strong tailwinds. As they are approaching their next earnings call in March, I expect good forward guidance and a breakout to the upside of the pattern.
Bullish pennantWe just had a nice breakout. Today's price action will tell us whether a continuation or some consolidation is coming in the following days.
Buy on Break-Out - MP [S] 10 February 2021MP
investing.com -> SB SB SB SB SB SB SB SB
Relative Volume: 1.85
1st Green HA
Monthly: Uptrend
Weekly: Uptrend
Daily: Sideway
MA: Red > Blue
SStoch: Black > Red Golden Crossover (Near OB, Approaching Deadly Crossover)
MACD: Signal > MACD (Approaching Crossover)
RSI: 61.24 (Upwards)
Put/Call Ratio: 0.67
$MP Looks ReadyPosted about this few days ago and today's action is constructive right below that resistance trendline. Probably going to make its move soon.
