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Benzinga
14 days

MP Materials Stock Is Rallying, But I'm Not Buying - Here's Why

1. MP Materials surged 200% recently, reaching $65 from $20. 2. The rally is occurring during the bearish Sankhya phase. 3. Historical example: e.l.f. Beauty faced correction after similar misalignment. 4. Caution advised as potential turbulence expected in upcoming Buddhi phase. 5. Hedging strategies recommended for investors holding MP Materials.

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FAQ

Why Bearish?

The current rally is misaligned with expected market behavior, similar corrections occurred in e.l.f. Beauty.

How important is it?

The article highlights critical misalignment in MP's price behavior affecting investor sentiment.

Why Short Term?

Potential price volatility may arise shortly as the Buddhi phase approaches.

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