I like how AMD stock traded on the weekly chart from 2018-2020. I think JMIA is moving faster than AMD at this time, and so I charted my direction for JMIA basing how AMD traded on the weekly chart from around April 2018 - 2020. I'm glad to see that $15-16 gap was filled. I knew it was a matter of time. It would not surprise me to see the price pullback a little into that gap from $12.97-$13.29 get filled soon. I guess it's ok to hold if you're willing to wait a little and watch it drop 15-20%, or sell now and look for a quick 'buy the dip' moment.
Note
Maybe this is moving in sync more or less with the AMD weekly fractals, but a little slower. The US election results, if Trump is the clear winner as I believe will happen, may boost this stock to the $22 area by end of this week.Note
Semi-consolidating at the moment. Potential ascending triangle forming. Still lots of room to pump. Very bullish cup & handle, which only attracts more buyers, less sellers.Note
About to break the all time high on JMIA. Open air. It may continue to pump until next year, as some may want to avoid taxes until 2021.Note
Trajectory still on target.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.