JUMIA - Ranging ChannelRanging Channel Between $4 and $5.
Negative RSI suggests we are heading toward $4, which would represent an excellent buying point.
JMIA trade ideas
JUMIA - African Amazon Makes Another BreakoutOur previous objective of $6 is almost reached. A confirmation pullback pattern could form using the $6 resistance. If not, the next resistance is at $7.
Today's breakout represents a strong mid-term buy signal as we can now see a cup and handle pattern combined with a breakout.
We also note that the rally that started on 20 March point could be the start of a new Elliot Wave.
JumiaMas que interesante este activo dado el contexto actual y hacia donde parece virar el mundo tras esta pandemia.
Si supera la media móvil de 100 esta para ponerse long
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Prices heading lower next week, trend remains bullishHeading lower next week, if prices cannot hold above $4.15 Monday and Tuesday.
Trend momentum remains bullish if price remains above support.
Volume needs to continue to ramp-up for mid term bullish trend to sustain.
African Amazon Needs High Volume for Breakout to SustainBreakout on 13 April
Target price of $6 if prices can remain above $4.3
JMIA: Good risk/reward on longs hereJMIA is a binary play. It could very well go bust or it could prove a great runner bagging you multiples on your investment. The stock has a completed demark downside exhaustion count and has broken out of (and successfully retested) the wedge it was in.
Potential Daily Bullish CorrectionNYSE: JIMIA
We are definitely in a strong bearish trend on Monthly. However, there is a chance to trade a bullish correction in Daily time frame. We have got a breakout and a small retest.
Second chanceAfter failing to rocket a couple of days ago, JMIA should test the suppot area around 4,94 again and get ready to launch! (this time for real)
Expanding leading diagonal forming for JMIACurrently, almost complete b of 5, once complete should have one more high before we start a higher degree 2nd wave.
$JMIA LongPara continuar con la idea del post anterior que compramos en $5.70 y las devolvimos en $9.03, entramos en $7,10 nuevamente
Podria bajar hasta 6,83 y estaria ok.
No me gusta el mercado en general y ahi tengo dudas
$JMIA Going To Squeeze The Shorts With 82% Of Float Short$JMIA is on the verge of an epic short squeeze. While the shorts have been right on the money so far, we believe they have overstayed their welcome and are going to be forced to cover.
Yesterday's news:
Jumia (NYSE:JMIA) has named Kenneth Oyolla as its new chief commercial officer, replacing Diana Owusu-Kyereko, according to Business Standard sources.
Owusu-Kyereko was promoted to head Jumia Ghana under the loss-cutting reorganization process.
Oyolla joins from serving in a similar position at Industrial Promotion Services. His prior work history includes stints at Nokia and Unilever.
As always, use protective stops and trade with caution.
Good luck to all!
The Amazon of Africa: Potentially reversing from a major bottomH/S bottom coming out of a near 12 month channel + a retest of the neckline.
What is JMIA -
"Jumia is an online marketplace in Africa for electronics, and fashion among others.The company is also a logistics service, which enables the shipment and delivery of packages from sellers to consumers, and a payment service, which facilitates transactions among participants active and Jumia's platform in selected markets. It has partnered with more than 50,000 local African companies and individuals and is a direct competitor to Kilimall in Kenya and Konga in Nigeria. Started in 2012 in Lagos, the company currently has a presence across more than 10 African countries." - Wikipedia
Possible Gap fillSeems a lot of investment is coming into Africa and this stock is still trading below it's IPO price. There is some room for it to go if it breaks above the $8 dollar mark
JUMIA in possible reversal, bullish for 2020JMIA has had a tough year so far however the past few months have shown signs of accumulation and also the RSI has had higher lows.
The current dip in price is still having support on the trendline.
Expecting the asset to go higher in Q1/Q2 2020.
Note: This is not financial advise. Please do your own research.
Jeeze Louise! Talk about a short squeezeI wish that the run-up to this squeeze continued for a bit longer, but I'm not complaining. It could break out at any moment (probably to the upside!!!!!!)
