JMIA has broken out of a decent base and the downward trendline. Needs to hold above the trendline and green box. Will be waiting for some consolidation or pull back before entry. Good chance this moves higher if the growth names continue to show strength. First target would be the 15.50.
Comment:
Staying patient with yields rising. Pull back to the trend line coupled with a pull back in yields and this could go. No position yet.