$MP - RC -
Added 2023-10-07 15:49:03 +0000 UTC$MP's decline has been brutal which is very surprising for a company with such strong fundamentals but the chart is not aligned with the fundamentals.
Perhaps the market feels that the need for minerals is shifting or this could be completely mismatched and there is an opportunity here.....we will only know once it finds support and we can see some strength again!
There is a confluence level at the 0.887 Fib at $15.50 as there is a blue support line there too and it is the end of Wave C....so if $MP is going to show support and the bulls come out, then this is the likely spot to do it.
Failure to hold here and this comes down to the 2020 low at $9.80.
