MP Materials (MP) is a long watched, sometimes traded, currently held strategic position
I tend to be guarded about putting NFTRH’s individual stock analysis in public, but in this case I’ve been highlighting MP Materials for so long that I think NFTRH subscribers have had plenty of time to consider and position (or not position) accordingly.
I want to have a little more fun with the markets instead of always being the dour, hype averse guy who sometimes forgets to promote his service (as should any business). More public posts may get off the macro and get into the micro. Frankly, it’s more fun.
In the case of MP Materials, however, the micro sort of is the macro. The very reason for my interest years ago was MP’s domestic mining of Rare Earth/Strategic Materials.
Trump? China? A “Trump trade” if I’ve ever seen one, given China’s near monopoly on the global REE market. The company has received grants from the US government and is establishing its own fully integrated domestic supply chain for REE.
Rather than droning the details, I’ll let you check out this page, if you’d like. It’s MP Materials’ latest news release from January 22. A US-based producer of critical materials, building an integrated supply chain? Sort of relevant, eh? Worth it to me, risk-wise, assuming constructive technicals.
Speaking of technicals, on to the chart.
The weekly view, which includes the entire history of the stock, shows a touch of the all-time lows in 2024, and subsequent upturn into today. Initial resistance is turning to support and the next resistance levels are shown. The trend has changed to up and the forward fundamentals are good. Resistance levels may offer more disturbance to the share price. But resistance is also made to be broken by a bullish stock that is far from all-time highs… by definition.
I am not recommending it. I don’t care if you buy it or ignore it. But in a world full of chart jockeys, trading coaches, stock touts and whatnot plying their trades, the macro guy wants to participate with good individual ideas for further research once in a while too.
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