Oct. 4 at 8:18 PM
$MP
The price is in the early stages of forming a potential cup and handle pattern, 📈 which may take a few more weeks before an eventual breakout upward.
The ghost pattern suggests a likely formation of the second base, or "handle," of the pattern.
On a fundamental level, we all know the world is racing for rare earths, and
$MP is central to this focus. The Trump administration's direct and aggressive plans involve striking rare earths 💎 deals with other countries to acquire, process, and develop strategically important components.
As a result, the stock surged from the low 20s to the high 80s in just a few weeks. 🚀
Prepping for a 2nd move up in Q4.
A few good options strategies to capture this move:
- Bull call (call vertical) spread
- Call butterfly
- Bull put (put vertical) spread
Currently, price alerts are set. If I notice any unusual volume indicating a potential breakout, will take a position and share another update here.
not financial advice
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