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JUMIA TECHNOLOGIES AGJUMIA TECHNOLOGIES AGJUMIA TECHNOLOGIES AG

JUMIA TECHNOLOGIES AG

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JMIA/N trade ideas

Short after trendline resistance and nasty gravestone dojiJMIA more than doubled within 13 days. That lead to an overbought RSI so I took it on the watchlist. Today it broke the downward trendline which is formed since the last runup in August to the upside. But above it formed a double top @17.04 and I took a short position @16.95. Due to the following drop which I did not expect in this extend I already have a positive SL just above the downward trendline. If history repeats itself the SP will move back towards it and gets rejected. My TP are the Fibbonacci 0.5 & 0.618. Both price levels also have a history of support and resistance. Entry: 16.95 TP1: 12.4 TP2: 11.21 SL: 16.5 What a nasty gravestone doji on the daily!
NYSE:JMIAShort
by ape_mo
$JMIA (Start of wave 1 after zigzag countertrend) PT $16Tony's Picks I have recently started analyzing charts and have come across this interesting idea. This chart is on the 4hr time frame. It looks like $JMIA is about to enter wave 1 after a 5-3-5 zig zag countertrend according to the Elliot wave theory. This idea assumes everything prior to this trend was just an IPO countertrend. Wave 2 two bounces off the .618 from wave 1 fib retracement perfectly. On the weekly chart it could be argued that we are still in one large wave 1 on macro level. I could see a $16 price target being realistic based off this chart. Expect volatility as $JMIA still has a lot to prove. Curious to thoughts and comments. Thank you.
NYSE:JMIALong
by TonyPicks
2
$JMIA 25% upside target in Jumia Tech Jumia Technologies AG engages in the provision of logistic services. It operates though e-Commerce platform segment. The e-Commerce platform segment consists of marketplace, which connects sellers with consumers to its logistics service, which enables the shipment and delivery of packages from sellers to consumers, and payment service, which facilitates transactions among participants active on platform in selected markets. The company was by Jeremy Hodara, Sacha Poignonnec, Peter Allerstorfer, Manuel Koser , Tunde Kehinde and Raphael Afaedor founded on June 26, 2012 and is headquartered in Berlin, Germany.
NYSE:JMIALong
by DEXWireNews
JMIA looking to escape price channel?JMIA has been consolidating in a $7 to $9 price channel for a while, with $7 a particularly important level providing previous resistance and support. MACD is starting to come up and TTM Squeeze is looking bullish, and there have been a couple of bullish dragonfly dojis over the past few days. If MACD confirms by crossing the zero line then the squeeze should fire upward. If it breaks out of the channel I would expect some resistance around $11, based on channel height and previous resistance. If it keeps going past $11 I'd expect more resistance around $13-$14 (gap resistance).
NYSE:JMIALong
by oldstuff