$JMIA possible entry point

By EBITDAtiger
Updated
On the log chart, you can see a clear upward channel that was broken but looks to be turning around now with a double bottom reversal. RSI is back at 50, the stock is trending upwards and MACD looks coiled.
Trade active
snapshot
Comment
targeting .236 fib at @ $23.22 as 1st target
2nd target is .382 fib @ 28.48

trading way below its VWAP at $31.09
snapshot
Chart PatternsDouble BottomTechnical IndicatorsJMIAjumiaLOGlogchartRelative Strength Index (RSI)Trend Analysis
EBITDAtiger

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