mustafa_bey

JMIA: Bounce from double bottom, are we in wave-3?

Long
mustafa_bey Updated   
BATS:JMIA   Jumia Technologies AG
JMIA seems to have formed a double bottom around the $2.3 support area. Price action seems to be picking up, yet to break the double resistance area though ($2.6-2.8) before it can rally up to $3.4 part of wave-3.

With earnings coming up this week, anticipating stock to be a bit volatile.

Disclaimer: This is not financial advice. Please make your own decisions while making an investment.
Trade closed: target reached:
JMIA hit $3.4!
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