Jumia Technologies AG operates an e-commerce platform in Africa, Portugal, Germany, and the United Arab Emirates.
They kept diluting their shares in the last year and investors were disappointed by the results.
i see two scenarios:
it bounces from this support and the price target is the 21usd resistance.
it drops to 8usd, according to the head and shoulders...
JMIA is currently testing its previous trendline as support( green line ).
The candle pattern and standard deviation pertaining to strength of move in relation to volume, indicates that a base has been formed above the previous resistance. If the price action is able to break the current resistance( blue line ) formed within the move above the previous...
Hey all,
JMIA shows sign of reversal to the UPSIDE. At least the Bullish BAT Pattern and the recent price actions suggest it.
Why this can be a good pattern? Well, because:
1. Pattern has a very tight PRZ. The range of the zone is only 30 cents wide.
2. The PRZ is right above 200 MA which is very strong support.
3. Pattern completion is not premature and...
JMIA is has trading inside this amazing ascending channel on the daily & 4hr for awhile now. It's approaching the bottom of the channel, representing a great entry for a play towards 50. SL below 41 invalidates the channel.
Toward the beginning of December, we saw Jumia make a strong correction after hitting $40 all the way back to $24.5 before making its way back to $40 zone. Personally I think Jumia is still on track for a continuation toward the upside after this correction, once we break and retest $41.
Jumia is a hidden gem right in front of our faces... Jumia is an...
Good afternoon Tradingview, today I will offer a complete breakdown offering both technical and fundamental points of view. If you have something to add, source that info please.
FUN FACT: Andre Iguodala , an NBA player on the Golden State Warriors, has a spot on the eight-member supervisory board!
Table of Contents:
Introduction to JMIA
Company...
JMIA the amazon of africa look like is trending to a high of 26-30 for ER runnup on a hourly Elliott Wave 3. should see a correction and then end up in 40+?
thats if it forms this next inverse shoulder on the 15 minute timeframe to complete an inverse head and shoulders. if it breaks we could see a downward movement to 16 support.
JMIA probably waking up after a long day of hibernation, this is a risky deal but I set aside 5% of my assets to buy today and a 10% stop loss.
Pattern : This is the opposite of the "Cup and Handle" type, there is a lot of evidence of past stocks that have worked very well because
this model, I'll update in the comment section.
JMIA buy : $9.2 +- 0.1
JMIA...
