$MP Materials Corp.(MP)$ I thought of sharing $AML3D LTD(AL3.AU)$ or $TITOMIC LTD(TTT.AU)$ given some recent update in activity. Have changed my mind since I have probably bored the audience given the interest in ASX based defence companies is not that substantial. Do feedback if you want my take on recent fund raising by AML3D.
I am sharing a rare earth mining firm today. This mining company has quietly moved up in recent months. Obviously, minerals mining do not attract the same kind of attention as cryptocurrency mining these days. However given the right time frame, it could be a lucrative investment.
MP materials, as it is known, is the only noteworthy US based rare earth mining and processing company. While the mining is done in US, the processing is still performed in China. Nevertheless, MP minerals is in the process of building a processing plant in US with the support of US government. Given the relative importance of rare earths applications in modern technology, US government will continue to push for the the launch of local minerals processing, especially with Donald Trump 2nd coming. The last thing the US government wants is to be held hostage by China.
With that, I will share some notes on the charts below. The 2nd figure shows a golden cross formation. However, the volume continues not to be high. The 3rd figure shows the price touching the top-end of BOLL, however the RSI is in a positively upward, yet moderate posture. Combining the 2 charts, it appears that MP Materials still have room to run... the relatively modest volume illustrates that most people are ignoring this uptrend (especially with the golden cross formation). RSI confirms this, showing that MP Materials is not in an overbought position. Volume illustrates some trading interest but not excessive. This should continue to be a good time to accumulate. The right end of the charts have also shown a breakout of recent high taking place, which is again a great sign for this company... more to come...
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Thank you for sharing an earth mining and processing company with us! You’re truly professional in this industry!