JMIA - Break through the channel on Divergence Long

Jumia Technologies AGNYSE

Description

⋅ Aug 11, 2021 8:52 AM

Hello everyone,

I hope you are all doing well!

As we may see, we have Divergence while on resistance of the channel that we have formed, which we are most likely going to break.

The Take Profit is sitting at $40.

Have an amazing day!

Comments

nparipelli

⋅ Aug 13, 2021 9:12 PM

Any change in the chart after today’s 6% fall?

vik0q

⋅ Aug 22, 2021 6:33 PM

@nparipelli, has fall even more, well just keep in mind that has to cross previous weekly high to be bullish

donaitelo

⋅ Sep 10, 2021 9:52 AM

@nparipelli, Hey, I am still bullish on the stock. Indeed, the whole market has fallen recently, which is what dragged down JMIA, simply, we have to wait it out and as soon as everything starts going bullish, the stock would shoot up!