Charts on MP (Materials Corp)

MP (Materials Corp.)-- Fellow member Jack asked for a technical update which has pretty much followed the bullish script that we have been discussing for the past several months, but the swings certainly have made MP a rollercoaster experience. 

My attached 4-Hour Chart shows MP's two-week correction from 39.10 (6/18/25) to this AM's spike low at 29.62, which briefly violated my preferred next optimal target support window from 32.00 down to 30.50. The ability of MP to CLOSE above 30.50 today will be my first indication that the 24% pullback is at or near downside exhaustion ahead of a presumption of dominant bull market strength.

However, a close below 30.50 increases the likelihood of additional corrective weakness into the low 26.30 to 28.40 area, which is the next lower target support window from where the next upside reversal and upleg should emerge that inaugurates an advance that projects to new bull phase highs above 41.30 (see my attached Daily Chart)... 

Only a close below the 50 DMA, now at 26.38 will compromise my preferred technical setup... Last s 30.64...