willoptions

$JMIA - Bullish Exploration of New ATH

Long
willoptions Updated   
NYSE:JMIA   Jumia Technologies AG
Falling Wedge breakout trade closed ($33-$40).

Now looking for exploration beyond ATH.

Depth of retracement (38.2% or ~$35) gives me an extended target of the 61.8% extension (~$51.50).

  • TG1 on breakout: $46
  • TG2: $51.75

  • Invalidated: <$37

Like & follow if you enjoy my work :)
Comment:
Wetting my beak here. Jan 45
Comment:
Caught a nice bid today and held above the previous ATH. Swinging this with January expiration, already in small profit.
Comment:
TG2 hit 🎯 Trim & hold
Trade closed: target reached:
Closed this trade to reduce stim weekend risk. Great trade - Entry at $38-$39, exit at $45.80-$48.50

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.