head and shoulders on JMIA
Updated
Waiting to see if it breaks below the neckline with at least 2 bearish candles before initiating a short position. Negative EBITDA with negative revenue growth YoY.
Trade active
neckline has been broken confirming validity of the H&S pattern; could see a drop to 25ish since major support has been bustedComment
The trend appears to be breaking; start to unwind position if not fully bailing from Puts or short positions. Switch to going long and buying calls. Trade closed manually
Comment
Closed too soon. How bout that ride down??
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.