MP Materials Breakout
MP Materials is benefitting from being the only integrated rare earth mining and processing site in North America. Trade wars heating up with China are a booster for this company which was already benefitting from having a new administration that wants to bring manufacturing back to the US and start sourcing rare earth elements locally.
MP has broken out of a downtrend channel, back-tested the channel and held above, and is now moving higher. Not much keeping this one from ultimately going and testing that all-time high around $60.
Lower indicators are bullish:
PPO shows the green PPO line rising above the purple signal line, and both are above the 0 level which indicates short and intermediate bullish trends.
TDI shows the green RSI line rising above the horizontal 60 level, in the upper half of it's Bbands, and above the purple signal line. Overall bullish trend in short and intermediate term.
*This is one of 50 US companies that I buy and hold in my Roth.
MP has broken out of a downtrend channel, back-tested the channel and held above, and is now moving higher. Not much keeping this one from ultimately going and testing that all-time high around $60.
Lower indicators are bullish:
PPO shows the green PPO line rising above the purple signal line, and both are above the 0 level which indicates short and intermediate bullish trends.
TDI shows the green RSI line rising above the horizontal 60 level, in the upper half of it's Bbands, and above the purple signal line. Overall bullish trend in short and intermediate term.
*This is one of 50 US companies that I buy and hold in my Roth.
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