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EBITDAtiger

$JMIA possible entry point

Long
Jumia Technologies AG (NYSE:JMIA)  
EBITDAtiger Updated   
NYSE:JMIA   Jumia Technologies AG
Trend Analysis Chart Patterns Technical Indicators Relative Strength Index (RSI) JMIA jumia Double Bottom logchart LOG
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trendanalysis chartpattern indicator relativestrengthindex jmia jumia doublebottom logchart log
On the log chart, you can see a clear upward channel that was broken but looks to be turning around now with a double bottom reversal. RSI is back at 50, the stock is trending upwards and MACD looks coiled.
Trade active:
Comment:
targeting .236 fib at @ $23.22 as 1st target
2nd target is .382 fib @ 28.48

trading way below its VWAP at $31.09
snapshot

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EBITDAtiger
head and shoulders on JMIA
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