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,
Hello all,
This is definitely not considered technical analysis due to how new the chart is, however, fundamentally I am very BULLISH about the company.
- Their insurance business model is disrupting the traditional static one.
- Metromile is an opportunity to invest in a new way insurance will be priced and sold to a large percentage of the population.
-...
