MIME broke out of the late 2020 to early 2021 resistance of $59.24.
It has been beating its earnings expectations consistently with only a few misses and is expected to do even better in the coming year.
Looking at the long term price action of MIME, it's on a steady up trend. I think MIME may consolidate a bit, testing the broken resistance as support, before moving higher.
Trade Idea
Look for buying opportunities around the $59.24 area if you're looking for a small discount.
Otherwise, you can get in now and ride the wave!
It has been beating its earnings expectations consistently with only a few misses and is expected to do even better in the coming year.
Looking at the long term price action of MIME, it's on a steady up trend. I think MIME may consolidate a bit, testing the broken resistance as support, before moving higher.
Trade Idea
Look for buying opportunities around the $59.24 area if you're looking for a small discount.
Otherwise, you can get in now and ride the wave!