MP still has plenty of room to move, but last Friday's performance is worth noting — it recaptured the 200-day moving average with an almost 9% increase. The short-term moving averages are still weakening, which is a limiting factor. However, from this position, we may be building a foundation for a rebound. The technical outlook hasn't fully improved yet, but if we can consolidate at this level, the opportunity for a rebound is right in front of us.