$MP
Added 2024-12-31 12:00:48 +0000 UTCDuring my morning scan, I have come across $MP's set up, I have it completing Wave C in August and the price bounced up to the top of the channel at the start of Dec and has now pulled back to the 200 Day MA and the 0.618 Fib, so as far as technicals go, this is the ideal level to pull back to.
If this price can hold at this level now, then I believe Wave 2 could be complete and another attempt at breaking out of the channel can be next at $23.
The fundamentals are not terrific but it is a Rare Earth materials company and could do very well if there is spending in the infrastructure sector, especially out of China.
