gamer456148

JMIA Morning Wedge? Next Alibaba? Waiting for Re-entry

Short
NYSE:JMIA   JUMIA TECHNOLOGIES AG
I have been analyzing JMIA yesterday night and the sentiment was a positive bullish continuation of the spike it was on. Days in the red are when it is perfect to buy. Right now, I am currently waiting for the sell off and than a decent reentry price for JMIA . I think this will evidentially have lots of profit turnover potential in the long term. As always, everything I say is on an opinion based basis. Please invest at your own risk and do your own due diligence.

Comments

Hi.. nice analyzing. but , don't you think that market is looking for hit and run at the moment ? means, they increase the price and crash it within the day. Jumia yest jumped from 9 to 10.80 then returned to 9.15 ! I believe the company would be attractive to buy by Alibaba or Amazon.
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gamer456148 obviousPerson12225
@obviousPerson12225, Yes, lots of swing correlation patterns with this one
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