I love $JMIA but the set up screams bearish. Here is a video breakdown on my plan moving forward.
What in the world is Jumia doing? To Base or not to base is the question?
Ok, I'm not sure I've ever seen so many members calling out an "obvious" head and shoulders pattern. If that many people see it as obvious, then I always become concerned it might be a fools pattern. I've laid out a potential Elliott Wave pattern that would be the exact opposite of the bearish breakdown of the H&S pattern. I agree the H&S does look quite...
Jumia Technologies Jumia Technologies' stock has already soared over 1,600% in the last year. Headquartered in Germany, this "Amazon of Africa" operates an integrated ecosystem comprising an online marketplace, logistics business, and payments business. Jumia's fourth-quarter revenue dipped 15.3% year over year to 41.8 million euros, while gross merchandise...
Chart speaks for itself .. the H&S on this one is evident - will enter at lower price . Cut my position in Jumia today and can't wait to scoop this at a better price.
I don't know much about the current state of the company, but this Head and Shoulders pattern that's playing is all to textbook to ignore. The rest of this month will likely complete this pattern. Strictly from a technical perspective, I can see the stock falling to the $32~$34 range. OR it could takeoff to another galaxy. Only Time Will Tell.
I have changed up how to best display projected movement. In the case of JMIA, 6 of my algorithms signaled a BUY on March 19, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a...
Jumia technologies is been on a recent sell off according to the historic patterns it has always bounced back around the low 30s I think this is the case here too. It might be in a down trend until 32 ish and will bounce back. I am still very bullish on the stock as it got good potential.
NYSE:JMIA Play with V shape recovery. Disclaimer: I"m NOT a financial advisor. All trade ideas are shared for educational & entertainment purposes only. All advice is based on technical and my own opinion.
Video breakdown on our FAV $JMIA! Greatsetup and Volume!
The first thing to know is that Jumia is an online retailer like Amazon. I think it has a lot of potential partly due to the fact that it is an African company. Like almost everywhere, Amazon has also tried to expand into Africa but failed because the structure in Africa was too difficult for Amazon. As far as I know, Jumia has no major competitors in Africa. The...
$JMIA Video breakdown going into 3/10!
Late posting this but hopefully there time tomorrow before market open to take a look. Got a little long winded on explaining my previously posted ideas in early in this one, so I will be posting a second video shortly finishing the trade list.
$JMIA Video breakdown! Hope yall had a great monday!
Full Technical breakdown on $JMIA ! Hope yall had a great weekend!
Here is a video breakdown on $SPY going into the first week of March! Futures are currently green but can it hold up?
Video breakdown on $JMIA after Earnings!
Please check $JMIA H&S Completion that goes into the start of possible IMPULSE leg 5 of Elliot Wave