JMIA READY?? Long

Jumia Technologies AGNYSE

Description

⋅ Dec 16, 2021 2:28 PM

Two possible scenarios:
1- Correction finished as double zigzag and ready to fly
2- Correction unfolding as triple zigzag and we should see a drop to $4/$8 area before flying up

I will follow the first scenario as long as the recent low of 9.94 is holding.

Target: $85.58

GOODLUCK!

Trade active

⋅ Dec 23, 2021 5:27 PM

Trade active

⋅ Dec 30, 2021 5:57 PM

Comments

SpidiMan

⋅ Dec 22, 2021 2:48 PM

85$ ?
i don't think she will go there

GreenCandleTrading-GCT

⋅ Dec 22, 2021 5:04 PM

@SpidiMan it’s my current scenario for now. Let’s see how the pattern plays out for now then later on we can reassess the situation.

tay2y

⋅ Dec 22, 2021 2:24 AM

I actually agree with this. I also posted something about JMIA last night and it played out perfectly.

VitalDirection

⋅ Dec 23, 2021 5:27 PM

@tay2y, Great :)

bourse7q329f

⋅ Dec 17, 2021 11:21 PM

it will be hard guys, seems the company isn't doing that well and not profitable, I suspect more the second scenario to be fair :(

VitalDirection

⋅ Dec 20, 2021 3:02 PM

@bourse7q329f, I agree, it is 100% tricky but I am taking the risk of the first scenario and if invalidates, I will follow the 2nd one.

obviousTortois96273

⋅ Dec 16, 2021 2:58 PM

Waiting for scenario 1 to play.

VitalDirection

⋅ Dec 16, 2021 3:03 PM

@obviousTortois96273, fingeres crossed ^^