Jumia have rebound on the trendline from early 2020 on the previous top at 18 where is the demand zone. There is an harmonic bullish Crab right before giving a bullish information we can imagine a first target around 30$ for around 40% gain
$JMIA - Technically, the paper pushed off the trend from March 2020. If it exits the wedge, it could shoot up. In case of exit from the wedge, growth targets $27.5 -> $33.5 It's my personal opinion and is not investment recommendation.
So right now were very very oversold, its come down to Fib level and a massive support level. its formed a cup and handle and a falling wedge. its poised to run africa which is a continent thats 10 years behind America. This to me is like buying amazon back in 2008. China will likely be involved i mean its a BUY and HOLD no doubt
⚠️ This idea is based on my technical analysis only. Do your research and trade on your own risk!
An overhyped stock, dubbed to be one of the "$AMZN wannabes" cohort. We see absence of buying pressure on the daily and weekly chart (no green bars). This implies no interest in buying dip, the last green bar seen had its low broken --> dip buyers got hurt. However we see it printing the daily 9 and sequential 13 and potentially a weekly 9 next week. Demark...
Bouncing strong off its debut price of $17 as major support I'm taking my shot today with entries below $18/share Stop loss with a close below $16/share Target 1: $22 (+25%) Target 2: $25 (+40% Target 3: $31.50 (+75%) Target 4: $41 (+125%)
Dont know if I am even doing this right but is this how you would look at potential downside PT zones using fibs
Back in a very good price range, now we have to look out whether we resume the trend back up.
Jumia is an interesting stock and was a pennystock until they got new management while back. It has recovered, but now it's markcap shows it returning back into a pennystock. At current levels I see an opportunity that you may want to build a position. News -Missed on ER, but they have 600mil in cash TA -Since I been watching, Jumia has about a 7-8% downside to...
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!
Earnings out tmr before market opening and the chart looks great so let's see :) GOODLUCK!
JMIA had dipped into the loading zone but, It has also kept itself in a falling wedge. A typical bullish pattern, watch for break forward.
JMIA puts had a nice return if you secured! added some shares with profits from puts around 21-22. clearly making a higher low and ready for a little upside. conservative pt of 25 in short term with a bullish market. goodluck ! dont forget to like and follow for more :)
Gartley harmonic pattern. 4hr classic bullish divergence on the MACD. 4hr RSI is only at 33. Weekly hidden bullish divergence developing on the MACD and RSI too. Stop = Below support/gap fill Target = Resistance / C point of harmonic.
JMIA's textbook Market cycle similarities Also a C&H on the weekly