Analyzing the options chain and the chart patterns of MP Materials prior to the earnings report this week,
I would consider purchasing the 17.5usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $0.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward...
Hey Folks!
I found this bullish divergence with a double bottom. There is simply way more liquidity to the upside, I expect a 40-50% return. Failure of this zone could potentially send it towards $14 range, which is less probable imo.
Happy Trading!
OnePath
This has been a despointing few weeks I think this has a shot way oversold. has an uphill battle of resistance along with MA if it can change trend and move past 200 id be a happy man
$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...
$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...
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:...
MP has been doing well in the past weeks while the small-cap stocks market notably SPACs were beaten down to disappointing prices. Now that there is less than a week to the QE2 results the price is at a pivotal level. There are resistance levels around $39 and $41, which can be broken if $MP reports impressive results as they have done it after their SPAC merger...
After due diligence, I really like this company and it' future expansion plans and current execution.
My PT is 45-47 so there is a lot of potential with this one.
Hoping for more short term weakness to build a position (I am not expecting all my buy limits to get it, but if they do, even better. After position has been built, I'll let them roll until PT is...
