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RizeSenpai

MP Materials: Bearish Re-Entry of the 1.13 Extension

Short
MP Materials Corp. (NYSE:MP)  
RizeSenpai  
NYSE:MP   MP Materials Corp.
Trend Analysis Harmonic Patterns Technical Indicators fibonacii hoplevel Bearish Gartley Bearish Shark Fibonacci Extension REMX
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trendanalysis harmonicpatterns indicator fibonacii hoplevel bearishgartley bearishshark fibonacciextension remx
This 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.

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