Mp Materials Corp - Technical Anlysis MP Materials Corp Class ABATS:MPVictor_RaulMP MP has undergone a meaningful structural shift after completing a prolonged bearish phase between 2022 and mid-2024. Since then, the asset has developed a significant bullish impulse, reflected in a vertical price expansion consistent with revaluation dynamics and potential institutional inflows. Following this impulsive leg, price action has transitioned into a corrective consolidation phase, structured within a falling wedge (or, from a more constructive perspective, a bullish pennant). This type of pattern is typically interpreted as a pause within a dominant uptrend, where selling pressure gradually diminishes. In recent weeks, price has shown an attempted breakout above the upper boundary of the wedge, representing a technically relevant signal. If confirmed through sustained closes above this level, it would open the door to a bullish continuation scenario, with upside projections toward the recent highs around $88–$90, and potentially further extensions based on the magnitude of the prior impulse. From a momentum standpoint: RSI remains stable around the neutral zone (50), showing an early upward turn following a compression phase — a behavior often seen ahead of directional moves. MACD reflects a contraction in bearish momentum via its histogram, accompanied by a developing bullish crossover, reinforcing the view of corrective exhaustion. Structural Context Beyond the technical setup, the asset benefits from a convergence between global supply dynamics and industrial policy. China controls more than 70% of the global rare earth supply, while the United States is actively promoting domestic production to reduce strategic dependence.Within this framework, MP holds a critical position. Its Mountain Pass operation represents effectively the only scaled Western source of NdPr (neodymium-praseodymium) — a key input for magnets used in electric vehicles, semiconductors, and defense applications. Additionally, the company maintains strategic relationships with major players such as General Motors, Apple, and the United States Department of Defense, alongside an approximate 15% U.S. government stake, positioning MP as a strategic bottleneck within the global supply chain.