Next stop, $3.8-$4.00?
Updated
JMIA responded very well on the lower end of downward channel + horizontal support of $2.3. If the stock climbs back up to the long-term trend line from March'20, we can expect it to rally towards the top side of the channel i.e. $3.8-4.xx in the coming weeks.Disclaimer: This is not financial advice. Please make your own decisions while making an investment.
Trade closed: target reached
Target hit, $3.8!Disclaimer
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