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$JMIA is ready to be massively SOLD!

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Jumia Technologies AG (NYSE:JMIA)  
CryptoNets  
NYSE:JMIA   Jumia Technologies AG
Trend Analysis Chart Patterns Technical Indicators JMIA jmiasell
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trendanalysis chartpattern indicator jmia jmiasell
The reasons are:
  • Ascending wedge pattern on 2H + descending volume (left window)
  • Double top pattern on 1H + descending volume (right window)
  • POC is below $20 per share
  • Chaikin Money Flow index is descending on both of the charts
  • Put option alert is triggered by Benzinga
    JMIA (NYSE:JMIA), we notice a put option sweep that happens to be bullish, expiring in 8 day(s) on December 18, 2020. A trader bought 326 contract(s) at a $35.00 strike. This particular put needed to be split into 8 different trades to become filled. The trader or institution spent $83.6K on this trade with a price of $255.0 per contract. There were 3560 open contracts at this strike prior to today, and today 1335 contract(s) were bought and sold.
  • Analysts rating:
    Date Research Firm Action Current Target
    8/13/20 Stifel Maintains Hold 12.0
    8/13/20 Morgan Stanley Maintains Equal-Weight 11.5
    5/14/20 Stifel Downgrades BuyHold 4.5

Wish you a profitable trading week!
Dias

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