$MP - RC -
Added 2023-08-21 12:15:49 +0000 UTCThis is another stock that continues to feel the selling pressure and its fundamentals paint an entirely different picture compared to its share price.
We can see here that $MP has been moving down in a long ABC corrective wave, in this strict downward channel and the 200 Day MA has been parallel to the channel.
I expect it to reach the yellow trend line again if it does not hold this blue line at $20.20
Fundamentally:
EPS next year is expected to be: 118%
NET MARGIN is: 46% (this is NET, not gross, gross is 76%)
Do I believe this will return back to $36 over the next 12 months?....as long as they continue what they are doing, I think this will be no issue.
