JMIA update bounced perfectly off bottom trendline support. great time to add more to the long positions, im still holding full size from 12/18 with price target of 100++! paytience really pays with this one. dont get lost in the day to day movementsLongby Vibranium_Capital28
JMIA the path of AMZN, BABA and MELIJMIA has been in a downward spiral for about a month now almost in direct reflection of the markets correction itself. With this being said the amount of day trading and profit taking at this rate can be alarming but for early long term bulls institute investors are looking past this. However I would like to point out and reiterate what other Analyst and financial institutions have already done before its recent run in January. JMIA is worth $75 at target price for the year with just its infrastructure and logistic supply chain alone. JMIA has continually been innovative and trail blazing in the continent of Africa in E commerce creating delivery methods and solutions for customers where this was not possible before. Logistics and internet accessibility have been a unique issue to Africa that many predecessors have not been able to address or resolve leaving Africa's vast potential in the market untapped. JMIA has recognized this and have made positive exponential strides closing the gap this year between internet access available and the users that operate the app itself. In 2020 Forbes headlined Africa as the next Frontier for the internet with only 4 out of every 10 individuals on the continent having used the web. Currently that's about 39.4 % of the population that number is expected to grow double in the next 10 years which would set the continent at the same pace of internet accessibility as the United States. This growing model is a reflection of the highly sought after E commerce stocks Amazon (AMZN) in North America, Mercadolibre (MELI) in South America and Ali Baba (BABA) in Asia. Now we are witnessing the beginning stages of another true player entering the market. Currently we are at the ground breaking level for Africa and JMIA in this journey to take the leap among E commerce giants and take its seat at the table as a power to be recognized with profitability and stability long term. JMIA has further deepened their relativity and effectiveness into Africas daily life by creating JumiaPay which is a safe alternative method for a proven pay system that works for all of Africa's daily needs such as Airtime, utility bills, shopping all in one place. This pay system has enabled Jumia to serve customers in parts of the world that for other reasons are often forgotten or overlooked by many retail or e commerce companies that do not have the logistics and supply chain that Jumia possesses in the continent of Africa. For this reason this company is pushing towards profit with limited resistance and virtually zero debt JMIA has unlimited potential to scale the size of its operations and innovativeness to capitalize on this sector of the world in its industry. Currently (AMZN) trades at $3015 a share with a market cap of 1510.93B (MELI) trades at $1431 a share with a market cap of 71.89B and BABA trades at $229 a share with a market cap of 622B (JMIA) currently trades at $38 a share with a market cap of only 3.3B this stock is a BUY in my opinion but this is not financial advice and I would look to the latter parts of this year for profits and and further potential upside. Longby MarketChancellor6
Nice retest of the IPO & bullish rounding topNoticed the nice retest of the IPO price on 17 Apr 2019. I get the feeling a lot of traders overall are spooked, but I loved the shape of today's closing reversal candle. Today (26 Feb) was also on a TD 9 buy on the daily chart, or as some would say, today was a good catch of a falling knife if you like to trade the TD sequential momentum indicator. I also picked up on the bullish rounding top formation. Measuring the low of $2.15 on 18 Mar 2020 to $49.77 on 17 Apr 2019, that's a 2214.88% difference. We broke the all time high of $49.77 on 22 Jan 2021 with a monster candle breakout. If you just copy the 2214.88% price range, and move it to the $49.77 price, it puts my temporary target at $97.39. That's conservative at only a mere 95.68% rise. But I've read several other traders with their eyes on a $100 target for JMIA. I think it will happen too. The chart today looks like a perfect area to reverse and turn bullish on Monday. The daily RSI is at 36.37, exactly where it reversed & consolidated in September. The 4 hr RSI is at 32.23. For those who are long, this is the worst place to sell. Volume low also; nobody selling. Even if Monday isn't super bullish, I feel like the worst that can happen next week is we consolidate for a few days at this price range, which only builds up more pressure for a monster breakout.Longby dholbrookUpdated 1
$JMIA Weak Support Bounce! Can we Breakdown trend?$JMIA Video breakdown! Hope yall had a great monday!Long03:55by SimpleStacks223
$JMIA At Daily Support! Can we Bounce? Full Technical breakdown on $JMIA ! Hope yall had a great weekend!Long05:49by SimpleStacks111
$JMIA After Earnings Report! (CHART ANALYSIS) Video breakdown on $JMIA after Earnings!Long05:55by SimpleStacks225
Earnings Release. Good Luck!Greetings Investors and Traders, I'm remain bullish JMIA. Observe the rounding top pattern formation. You can read more about this pattern here: thepatternsite.com Happy Trading! Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.Longby chiefwils0n2
$JMIA three drive pattern w structure & 618% I see a three drive pattern w pin bar(spring low)off lower of box structure @ 618% on daily w volume. they may drop it to pink line i marked off $JMIA has given some of my bigger returns pls see last to post for huge returns on $JMIA longs from 20 and 36 Longby HiddenharmonicstradingUpdated 115
JMIA in the right spot?going to watch this today, and if it can put in an inside candle, i’ll set it up... or i’ll miss itLongby not_yoda112
JUMIA tech in an up-trendhello everyone, Jumia tech is now at the support level, so I predict it will go up now. It also broke the resistance line so I think it will do that again in some time. Do note, you should not just blindly follow me, I don't want any one of you to lose money. As always: have a great day!by lothar_veys0
Bullish Flag. Watch for breakout. Tgts: $70, $75Greetings Investors and Traders, I'm bullish JMIA based on the following: Bullish Factors 1. Bullish flag pattern formed on the daily chart. Watch for a channel breakout, with volume confirming the move. If valid, target resistance around $70. 2. Rounding top formed pattern formed on the daily chart. Strategy 1. Consider the 16 Apr $60C, $65C, or $70C. Happy Trading! Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.Longby chiefwils0nUpdated 665
JMIA: Nearing Cycle Completion quickPost: NYSE:JMIA JMIA may be reaching completion of its recent impulse movement. Just took a quick look so this one may need some polishing Shortby myceliiumUpdated 119
JMIA LongJMIA 2-4 Week Horizon Price is trading at 21ema area and seems to be holding. Stochastics is at an oversold level ready for a bullish move. Price seems to be about ending wave 4 and by theory should reverse around the 38.2% Fibonacci level. As long as 54.15 support holds we could see a move up in price and a possible wave 5. MACD lines pointing down and histogram shows strong red momentum. Price could range around buy zone for a bit, but as long as support holds, we should be good. Disclaimer I am not a registered investment professional. These are just my opinion and not an investment advise or recommendation. For entertainment purposes only.Longby mdd1001
JMIA H&S completion into leg 5Please check $JMIA H&S Completion that goes into the start of possible IMPULSE leg 5 of Elliot Waveby Russkih332
$JMIA Descending into Earnings 2/19-2/24Video breakdown on $JMIA going into Earnings!Short term Short, Long term longShort05:08by SimpleStacks556
Jumia down turnWe are in a down turn on jumia. But that's just where it seems it's going. There is a lot of other issues going on in the broader markets.by frankfrisby0
JMIA Forming New Support for BreakoutJMIA 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 trendline( green line ), it should test the next overhead resistance along the upper trendline( orange line ). The projected strength of this move ( based off prior moves showing similar indications ) shows the potential to reach the upper trendline resistance( orange line ) within the next few weeks with a pullback expected once the price reaches near $79 . If the move maintains demand within the market, the price action could see $85.50-$87.75 once the trendline resistance ( orange line ) is confirmed as a support. A break below the current trendline support ( green line ), followed by a rejection of re-entry, shows a probable move to test support of the previous trendline( red line ). This is unless it is able to form its own support from and increase in demand above previous levels of buyers entering the market. In my opinion since the $53-$55 demand has already been tested as support, the earliest this demand-formed support could develop above the previous trendline( red line ) would be between $49-$51 ($51 support level would indicate strength with it being a 1.13 extension of the previous retracement). The lowest a support should be formed to continue an uptrend would be between $46-$47 . This would require that the price had broken down below the previous trendline support( red line ) and successfully regained entry from the support. This move would be similar to the trend re-confirmation that happened on 06 Jan 21. The potential long entries for this trade: Similar to the move described above, entry could be after a break below the green line and a strong re-entry into the current price range. This would indicate a demand based confirmation of the upper trend. OR Entry can be when the price has confirmed support above the demand indicated candle( above the dashed red line ). The indicated potential stop loss would not necessarily be within that range, but within that range after a rejection of re-entry into above trend( green line ). Although, waiting for a retest of the green trendline would increase risk as there is no guarantee it will find the demand to retest this resistance. **This is not financial advice or a suggestion to enter a trade in JMIA, this is just what I am looking for in my own personal entry.Longby rickhubbard10Updated 4