Hello everyone, I hope you are all doing well! As we may see, we have Divergence while on resistance of the channel that we have formed, which we are most likely going to break. The Take Profit is sitting at $40. Have an amazing day!
JMIA is setting up for a bullish breakout. Entry on breakout to the upside. Upside targets are: $40; $45; $50; $68 (ATH) Stop loss if it breaks back into wedge following breakout
Today, we will speak about JMIA. Let's check the main items we can see on the chart. a) The price has broken a huge descending Wedge pattern b) As usual, after the breakout of this type of structure, we can observe a retest or consolidation close to it. c) In this case, we are observing a consolidation between 34.00 and 27.00. It's possible to observe...
$JMIA has been popping up with heavy bullish call buying and has formed an inverse head and shoulders pattern. Waiting for it to break the neckline with gusto to buy. A great name to trade, and a great time to go long.
WATCHING $JMIA for ENTRY TARGET @ 20.44 I’m practicing to nail my entries even better… if target hits I will take a position.
Go long JMIA, breaking out after a 3-month long sell-off/correction, looks ready to rip even further with a bullish MACD cross and pattern in stochastic RSI showing strength like it did before the previous bull run
JMIA is bouncing nicely off the 20 day MA. A couple weeks ago, it pulled back to 18 where it bounced hard back into the low 20s. Last couple of days it rode the 20 dMA back down to form a nice bull flag. I am looking for it to head straight toward 44 before the next bull flag.
Hello everyone, I hope you are all doing well! In this analysis, we have broke out of the huge descending wedge. Jumia got hit hard by the recent bear market and it is turning bullish with amazing setup. Combine bullmarket with a pattern, and the fact that institutions and traders are buying massivly as indicated by the huge jump in the profited shares of 70%....
NYSE:JMIA Possible Scenario: LONG Evidence: Price Action TP1~ 26.80 3% Profit Call options, Strike 27$, 05/07/21
Video breakdown on $JMIA after a sharp rejection and gap down
Here is a recap and breakdown on $JMIA after a huge pop in volume on running all the way from 29.60 to 32 with a quickness. This was seemingly a response to $AMZN rumors that I havent found much details on but I will update when I do.
This stock been trading for a while in the demand zone, giving great opportunity to buy the dip for it's low risk and great target potential. I expect it to up if not today it will be in a few days. ❌ - Volume looks good bust still under the average ✅ - Double bottom ✅ - Bullish price action on the daily (Bullish Doji) ✅ - MACD ✅ - STOCH ✅ - Momentum ✅...
Video breakdown on $JMIA going into 4/7 Up over 4% today with a nice bullflag into the 1hr 9ma. Should see at least $41 tomorrow if the market trends up.
Disclaimer: All my ideas are not factual and is not financial advice. I'm just learning the same as you. Jumia stock price has settled on a previous support area. The lower share price looks to have a bullish effect. Time is currency.
Video breakdown on $JMIA going into 3/31