$MP Materials Corp.(MP)$ One of the few to benefit 🌟 from the latest tariffs strike from the Trump administration. The others are obviously USD, VIX and $Direxion Daily 20 Year Plus Treasury Bull 3x Shares(TMF)$ . Think @Shernice軒嬣 2000 will agree too... [Sly] [Chuckle] [Evil]
Yup, I am still holding it... Despite corrections now and then, MP Materials is afterall the only US rare earth miner and a recent producer at its newly opened rare earth manufacturing facility in Texas. It is posed to benefit greatly in the Donald Trump era. Given time, this company will 🕊️
Looking at RSI, price of MP Materials is doing well, not overbought and trending upwards. $24.01, its 52 week high, is the next resistance line. If it can overcome that, the next resistance line lies around $26.5, a point reached in July 2023.
I don't think MP Materials will clear all resistance at a go... Stocks price goes up and down. That's only right... But we have time here... With the rocket 🚀 boosters provided by Donald Trump, it is only a matter of time that this too will 🛫 [Happy] [Cool] [Miser] [Tongue] [LOL]
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MP Materials is likely to perform well since the Trump administration is expected to support rare earth mining for the semiconductor industry.
TMF serves as a solid defensive play, but caution is advised, as it could quickly reverse if Trump announces negotiations with certain countries.