With Good Earnings, This should come up and retest the HUGE fair Value GAP @ 80+.
This is my prediction and Im long from $4.61 with 2k Shares.
Stop loss would be 3.00.
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Snap has been in a downtrend and with the recent earnings it has Snapped back into the descending channel. If we see a (Break Out) it will most likely be a fake out. Starting a short position at this level, Stop loss is if the weekly chart shows Bullish trend reversal. Profit take at $34.52
This is the kind of stock that moves in a (cup) formation.
As long as nothing bad happens to the company and the market doesnt crash, I think we can see new high on JMIA.
Stop loss if the stock closes below $15.40 on any given day.