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...
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.
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...
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.
