Jumia Technologies AG is the pan-African e-commerce platform. The company's platform consists of a marketplace, which connects sellers with consumers. Its logistics service enables the shipment and delivery of packages from sellers to consumers, and the company's payment service facilitates transactions among participants active on its platform in selected markets. Jumia generates revenue from Sales of goods, Commissions, Fulfillment, Value-added services, and Marketing & Advertising. Its geographical segments are West Africa, North Africa, East & South Africa, Europe, and United Arab Emirates. The firm generates majority of its revenue from the West Africa segment.
This is not a financial advice!
JMIA is also called the "Amazon of Africa*
We need to stay in a bullish overal sentiment of the market. If we see a corretion, this play might doesn't work.
A small PB to 6 area is possible after this big run up.
Keep an eye on 9.5, 12.5 levels, needs to get broken for a further upmove. You can take partial profits at these levels if u want to lock in gains.
SL under 5.0
TPs approx. 17 maybe even higher to 45 area- i see it as a longterm play.
@salvo89uk yes, could see a correction tho and it's depending on overall market sentiment. We had a big run up already. The market seems kind of overheated imo.