Trading_Arts

$MIME daily #stockchart with bullish ascending triangle breakout

Long
NASDAQ:MIME   MIMECAST LIMITED
$MIME has been trading inside a classic ascending triangle since early May and has broken decisively yesterday on almost double 20MA VolAvg
RSI at 65 and MACD in positive area, both with plenty of room to run before overbought condition are met
Stock trading above all 3 major MAs
Measured move target is around 51.48

Good luck,
TA

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