$MP Trade Idea: Long Shares💡
📈 Trigger: 64.51
🎯 Target: 68.54
🛑 Stop: 59.20
MP closed at 63.69. This has been an incredibly resilient name in the market. Following the large gap up, price has spent a couple weeks consolidating higher within the range. Last week we defended dips above 59 and closed strong. The previous highs near 64.50-65 have multiple tests. Considering how well this has held and the number of tests at the highs, we’re anticipating a breakout higher targeting 68.54. Common stock is easier with this name. Under 59.20 invalidates the idea near term.