Dragonfly Doji Consolidation on 20 MA JMIA UPTREND, 1hr chart,
Considering that companies like $AMZN and $MELI have been able to establish themselves on the continents of N and S America, respectively, $JMIA appears to be a possible LONG position opportunity.
JUMIA tries to establish itself across the continent of Africa, which has grown its infrastructure and economies significantly over the past decades due to due to technological advancements and overall standard of living
Although conflict and corruption toils the countries' economies, I will keep a close watch on JUMIA because projects like ]]Elon Musk's SKYLINK satellites could exponentially allow JUMIA to facilitate E-Commerce growth African countries, a goal and business model it shares with aforementioned companies.
JMIA last Earnings Report was positively surprising. The company has been able to reduce its losses by (1/3) $10 Million Year to Year. Looking at its ER, take into account JUMIA's efforts to expand infrastructure for its business.
JUMIA tries to establish itself across the continent of Africa, which has grown its infrastructure and economies significantly over the past decades due to due to technological advancements and overall standard of living
Although conflict and corruption toils the countries' economies, I will keep a close watch on JUMIA because projects like ]]Elon Musk's SKYLINK satellites could exponentially allow JUMIA to facilitate E-Commerce growth African countries, a goal and business model it shares with aforementioned companies.
JMIA last Earnings Report was positively surprising. The company has been able to reduce its losses by (1/3) $10 Million Year to Year. Looking at its ER, take into account JUMIA's efforts to expand infrastructure for its business.
SEE chart from November 2020- the Fibonacci level crossing there is comparable to the one you or I might be observing just now.