donaitelo

JMIA - Amazing Setup

Long
NYSE:JMIA   Jumia Technologies AG
Hello everyone,

I hope you are all doing well!

In this analysis, we have broke out of the huge descending wedge.

Jumia got hit hard by the recent bear market and it is turning bullish with amazing setup. Combine bullmarket with a pattern, and the fact that institutions and traders are buying massivly as indicated by the huge jump in the profited shares of 70%. This would indicate that this price is a true GEM.

Have an amazing day!
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.