Remember the pay-per-mile auto insurance company Metromile and how it went up after the SPAC merger, to 20usd? This month MILE had the all time low, $0.85. What a drop! But for few days it showed a little bit of strength and in a best case scenario it can touch the $3.10 resistance. Looking forward to read your opinion about it.
We can see a nice divergence here: increasing volume on decreasing price! Price tends to follow volume. Be ready for an upside move! Cantor Fitzgerald has a 7 usd price target for MILe Metromile,
MILE CMP $3.90. Clear downtrend. Trading below most of the moving averages.
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High risk play looking for .18c to relieve anxiety and confirm break out. Company is growing, fits in with the green trend and has partnerships with many american universities. lastmile-holdings.com