SwingTraderEd

JMIA bouncing off the 20 dMA

NYSE:JMIA   Jumia Technologies AG
JMIA is bouncing nicely off the 20 day MA. A couple weeks ago, it pulled back to 18 where it bounced hard back into the low 20s. Last couple of days it rode the 20 dMA back down to form a nice bull flag. I am looking for it to head straight toward 44 before the next bull flag.

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