Potentially great risk / reward setup for long side trade here on JMIA. Possible 50% reward here with only 15% drawdown risk. JMIA hitting long term support and a fib extension level i had. Now putting in a nice hammer with good volume coming in. Looking for retrace up to 382 retrace minimum at 12.00 area and SL at 6.75. Trade at your own risk.
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...
⚠️ This idea is based on my technical analysis only. Do your research and trade on your own risk!
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.
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.
Video breakdown on $JMIA going into 3/31
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...
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.
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!
$JMIA Video breakdown! Hope yall had a great monday!
Full Technical breakdown on $JMIA ! Hope yall had a great weekend!
Video breakdown on $JMIA after Earnings!
Video breakdown on $JMIA going into Earnings!Short term Short, Long term long
Quick Video breakdown on $JMIA!
At a critical bounce level, and we could see a reversal if this support doesn't hold up.