MP Materials Strong as Expected$MP made a new ATH just recently as I was/am expecting this stock to go far, however, the wave count and the indicators show that the price acceleration has taken the stock to the overvalued zone. The price can still go up if momentum traders pick up the stock and push it more towards the sky, however for long term investors the valuation is becoming rich for what it is today and I think it is time to trim a bit to lock in some profit or start to sell covered calls
Materials
$NEWP Breakout - Geopolitical PlayWith war raging in Eastern Europe, commodities are hotter than they have been in years. Why play big tech when you can play a name like this? Much better odds at the NYSE casino. Simple supply and demand here. Less supply, more demand. This name should do very well to start 2022.
New Pacific Metals is a Canadian company focused on the exploration and development of precious metals properties. Our flagship project is the newly discovered Silver Sand Project, located in Bolivia. Silver Sand is Bolivia’s largest silver discovery in the last 30 years. It is also one of the more significant silver discoveries globally in the last decade. Advanced studies at Silver Sand, including a Preliminary Economic Assessment, are in progress in addition to a resource expansion drill program. New Pacific is also conducting regional exploration at its Carangas and Silverstrike projects, with initial discovery drill programs planned for 2021.
Led by a team of mine builders and operators with a proven track record of resource discovery and development, New Pacific is well-financed to deliver on its value-creation strategy. We are focused on progressing the development of our precious metals properties in Bolivia, while also growing our Mineral Resources through the exploration and acquisition of properties in the Americas.
MP Material one of the best SPACs$MP has been, for sure, one of the best SPACs when it comes to performance. SPACs got hammered multiple times. Barely did some of the known ones hold the $10 ground and some of them now are traded in $2-$3 range per share if now lower. I had a very high conviction on $MP from its DA announcement and I am holding it from before the merger. Today, I see more strength given the fact that they have a good moat when it comes to rare earth material. After China, they are the biggest one in the world and practically the only one in the US. Electrification is becoming more strategic and there have been rumors that China has threatened American companies on cutting off the supply of the rare earth. This is a very strong position for $MP.
Their gross margin is not like a mining or material company, but like a tech company. This year they are projected to have an 82.10% gross margin on 446M revenue. The projection of the revenue for 2021 is 319.30M (137.7% growth compared to 2020). In 2022 the revenue growth rate is estimated to be around 40%.
EV/GP (Enterprise Value/Gross Profit) for 2022 is 15.1 and EV/GP/Growth for the same year is 38.1. It shows the price of the stock is fair. Considering the growth, the price could go lower in a short term to offer a nice opportunity to buy or add. As it can be seen on the chart after the short report released on the 3rd Feb, the price recovered relatively and today it experienced nearly 8% hike so far. This shows the interest in $MP is high. If we can get a 20% discount from these levels to around 30s before the 24th Feb (2021 Q4 earning release) I believe it is a good level to start collecting or adding. This is not financial advice. DYODD
XLB Nearing DECADE Long 2.618 ExtensionTrading plan on chart. Need a break and retest of the $94 area before adding positions. Favoring a corrective wave to add new positions. Earnings season could be the catalyst to spike into an ending diagonal (pointed out on chart).
This could be one of the top sectors for 2021 but I'd like to wait for a pullback to add.
If you get anything from this post please like and share. Start the conversation/debate in the comments :)
Cheers and happy trading!
Casey
$GORO snipe the floor*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been analyzing $GORO for the past couple months. We're long in gold and silver (which are produced by $GORO) this summer due to the US dollar continuing to weaken. We opened our long position in $GORO on 6/8/21 at $2.85 but the trade hit our stop loss at $2.60 and my team has been sitting on the sidelines ever since.
Today my team is taking another shot at $GORO. This time we expect nothing less than success. My team entered $GORO today at $2.05 per share.
Our first take profit remains $4.90.
OUR ENTRY: $2.05
If you want to see more, please like and follow us @SimplyShowMeTheMoney
12/5/21 MPMP Materials Corp. ( NYSE:MP )
Sector: Non-Energy Minerals (Other Metals/Minerals)
Current Price: $41.48
Breakout price: $43.90
Buy Zone (Top/Bottom Range): $42.90-$40.30
Price Target: $45.60-$46.00 (1st), $51.00-$52.00 (2nd)
Estimated Duration to Target: 22-25d (1st), 51-54d (2nd)
Contract of Interest: $MP 12/17/21 40c, $MP 1/21/22 45c
Trade price as of publish date: $3.00/contract, $3.10/contract
$CINR target acquired*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team first began diving into the soda ash industry when a data report which detailed an increasing demand for sodium carbonate was released earlier this year. During our research we stumbled across $CINR. $CINR is engaged in the production and sales of soda ash. $CINR has a facility located in Green River, Wyoming where the compound is resourced.
My team first entered $CINR at $14.28 per share.
$CINR currently sits at $18.51.
Our first take profit was hit on 11/1/21 at $18.28 per share.
Congratulations to those of you who took this trade.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Vox Royalty Q2 ResultsTORONTO, CANADA – August 16, 2021 – Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (“Vox” or the “Company”) is pleased to announce its operating and financial results for the second quarter ended June 30, 2021. All amounts are in U.S. dollars unless otherwise indicated.
Kyle Floyd, Chief Executive Officer stated: “The second quarter of 2021 saw record royalty revenues, record net incomes and unprecedented organic growth for Vox. Management’s confidence in the underlying performance of the Vox royalty portfolio was demonstrated in our doubling of 2021 annual revenue guidance to C$4M – C$5M. This quarter saw exceptional organic growth in our portfolio, further strengthened by first gold pour from our Segilola royalty asset on July 30. We are also excited to grow our strategic partnership with Electric Royalties Ltd. (TSXV: ELEC), following the completion of our initial graphite royalty transaction. Vox shareholders can look forward to a catalyst-rich second half of 2021, with construction activity at multiple royalty assets, the release of multiple engineering studies and over 80,000m partner-funded drilling expected."
Second Quarter 2021 Highlights
• Record revenue of $1,314,030 reported for the quarter, with inaugural revenues received from the Janet Ivy royalty;
• Record net income of $2,057,694 for the quarter;
• Increased production stage royalty asset count from one asset at May 2020 listing to five assets by end of the quarter;
• Strong balance sheet position at period end, including cash on hand of $5,308,977, working capital of $8,684,985 and total assets of $30,161,290;
• Executed binding documents for a strategic partnership with Electric Royalties Limited (TSX-V: ELEC) and divested two non-core graphite royalties;
• Completed four royalty transactions to acquire an additional seven royalties, including the rancher royalty at Gold Standard Ventures (TSX-V: GSV) South Railroad project, reaching a total critical mass of over 50 royalties and streams;
• Subsequent to June 30, 2021:
o Announced record revenue in Q2 2021 and increased 2021 revenue guidance by +100% on July 27, 2021;
o Increased producing royalty count to 5 assets following first gold pour at the Segilola Gold Mine, as reported by Thor Explorations Ltd on July 30, 2021; and
o Commenced trading on OTCQX on August 10, 2021
FMC CorporationThe reason I chose this ticker is due to the fact that XLB (basic materials sector) has fell under 50% stochastic currently sitting at 36%. Since Dec of '20, price has reached near the high of $120 about 4 times. It seems like price is currently testing support and is near a strong support. My daily, 4 hour, and 1 hour time frame matches with the RSI being oversold and the mac on the green side. I used a Fibonacci tool to track a retracement percentage up to 61.60% of the previous high. It looks like price could be ready soon for some type of retracement.
What do you think?
Semiconductor leader here strong during market turmoil $AMATSo, this chart looks fantastic for continued moves up. We can play with relatively tight stops and see what happens. I'm looking for another breakout of this range and see if there is some follow through.
If $SPY decides to tumble it may hurt this trade, but as it stands it looks fantastic and hasn't had much of a rejection during recent minor selloffs.
US Dollar Still DowntrendingSince the begging of 2021, we have seen around a 2% rally for the $USD; however, there is clearly a downtrend that has to be broken before the bulls get in.
The next level after breaking the upper channel line would be the 100sma, which has proven to be useful as a trend-following system.
A penny stock with very steady Uptrend TA, above monthly 90!
A very steady TA for this stock, seem like a second wave is comming . ( Price is above monthly 90 and macd is crossing up again)
This company mainly business in china and malaysia , Processing of high quality marble and granite for supply and installation to the Malaysian markets and Property development of high end residences. Seem like beside tech stock in malaysia is booming , comming trend will be construction field.
Lets see is a fake trend or real trend for this counter
Still plenty of upside in Canadian lumber stocks.I recommended West Fraser Timer (WFT on TSX) some time ago. In November the company announced it would buy another lumber company, Norbord.
Nov 19, 2020 | Posted in Corporate News, News
West Fraser to Acquire Norbord, Creating a Diversified Global Wood Products Leader
– Complementary OSB business expands product and geographic diversity
– Greater scale and customer relevance unlocks and de-risks growth opportunities
– West Fraser and Norbord shareholders to benefit from a stronger value creation platform
The shortage of lumber due to a strong housing market continues, and the potential for a friendlier administration in the White House (elimination of duties?) is a distinct possibility.
International Paper Pulls Back from 28-month HighRecent months have seen a shift toward cyclical stocks like International Paper, which has some potentially bullish chart patterns.
First, IP spiked to $53.39 on January 6. That was the highest level since September 2018. Such a new high can indicate a stock is under accumulation – especially when it occurs so early in a calendar year.
Second, the materials company consistently hit resistance around $48 since November 2018. It stalled there again between January and April 2019 and again in December 2019 before the pandemic. However it broke that line in November and spent most of last month testing and holding it. Old resistance appears to be new support -- a potentially bullish pattern.
Finally, IP pulled back on Friday to hold its rising 50-day simple moving average (SMA).
Other trends beyond the chart may favor the former member of the Dow Jones Industrial Average. Materials have outperformed in the last six months as investors look for the global economy to rebound from coronavirus. Weighing in below $20 billion of market capitalization, IP is also the kind of non-FANG value stock many investors are now seeking. Finally, there could be strategic excitement as management spins off printing papers to focus on corrugated packaging.
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Copper LongHi! This is my first time trying some technical analysis. After a long downtrend it seems that Copper is ready to test that range high in the coming years. The reason behind this seems to be the growth of the demand for copper originated from the renewable energy market, that will double its market cap by 2030. In blue there is to possible scenarios, at two different levels.