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JMIA

Stock to watch: Jumia Technologies AG (JMIA) - re-uploadNYSE:JMIA Re-uploading the original idea from Nov 24 (which was brutally deleted by the moderators LOL) 👇🏻 Original chart from Nov 24 Original idea was: This stock showed almost 300% growth since October and has a lot of momentum to show. Buy/Sell Zones indicates a 7-day green zone. Targets for a long play: the all-time high (which is slightly above the 1 Fibonacci) up to 2 Fibonacci. Even though the asset already showed a good move, there is a chance to jump in Long as the potential targets are still on the way. Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
NYSE:JMIALong
by randomname11
Almost 100% Upside Potential on JMIA / Theoretical ExplanationGood morning traders! 🔸This morning while we were checking our stock watchlist, we were struck by the behavior of JMIA. This year has given numerous bullish opportunities given the extreme rise it had (more than 1000%), which is why it has been an excessively attractive instrument for most trend traders or momentum traders. 🔸The curious thing about this stock is that the party is not over yet. The behavior that can be observed is that it is the classic pattern of parabolic movements. Many instruments generate this pattern, and one of them, well known, is the Bitcoin. 📝 What does this pattern imply? 🔸Well, as we can see, throughout the past year the behavior was a neat downtrend, with impulses and corrections all in the same direction, generating lower highs and lows. 🔸Now, at the beginning of this year we see that the price finds a clear bottom, and stops generating downside impulses. 🔸It moves in a range without generating clear direction, and then has an explosive move to the upside. 🔸This entire consolidation period was a great accumulation, to then start the bullish rally that we saw throughout 2020. 🔸After the bullish breakout, we see that the price generates a clear uptrend, with increasing highs and lows. 📝 Where are we now? 🔸At this time we are at the highest price for the year, and we see that in this same area, in the previous trend, it was a correction zone. Therefore, we expect a short-term corrective movement in the current price zone, to then continue the uptrend towards the all-time highs. 🔸Once we get to that level, there are certain behaviors to expect that we will develop once we see a clear horizon.
NYSE:JMIA
by ThinkingAntsOk
6
Jumia $JMIA | What is it and should you buy it?Good afternoon Tradingview, today I will offer a complete breakdown offering both technical and fundamental points of view. If you have something to add, source that info please. FUN FACT: Andre Iguodala , an NBA player on the Golden State Warriors, has a spot on the eight-member supervisory board! Table of Contents: Introduction to JMIA Company Numbers - NEVER made a profit Recent Headlines - What's the hype about? Recent Trade Activity Fundamental Standpoint Technical Standpoint WHAT IS JUMIA? Jumia Technologies AG, which claims it is the top online shopping site in Nigeria, was founded in 2012 as 'Africa Internet Group' with the companies HQ in Berlin, Germany. Jumia sells items ranging from wall clocks to smartphones to clothing from brands like Zara and local designers like David Wej. Jumia also offers food delivery, travel booking, gaming, and other similar services. There's speculation that Jumia might also be involved with 5G distribution, making it a main player moving into this next decade. JUMIA NUMBERS Employee count: 5,050 Debt-Equity Ratio: 0.06 Annual Sales: $180.1 million Net Income: -$253,890,000 Return on Equity: -112.71% Market Cap: $2.32 Billion Should be worth 5 billion minimum or $70+ per share. RECENT HEADLINES Why's Jumia Soaring? - After a full report was released from Citron calling Jumia "the generational buy", highlighting how COVID-19 pushed the need for e-commerce and digital payments on the African continent. Jumia's "Jumia Games" Jumia's "Jumia Games" launched in five different countries for JumiaPay users. "Jumia Games" seems to have been a HUGE play for Jumia, bringing the stock up 299% since Oct. 1st. Considering this move it seems that investors truly like the shift that Jumia has made although it still hasn't proven profitable. JUMIA INSTITUTIONAL TRADE ACTIVITY Institutional Ownership 15.26 % Total Shares Outstanding (millions) 157 Total Value of Holdings (millions) $592 - Increased Positions: 69 Holders 10,491,340 Shares Decreased Positions: 31 Holders 5,527,785 Shares Held Positions: 11 Holders 7,910,727 Shares Total Institutional Shares 111 Holders 23,929,852 Shares - New Positions: 42 Holders 8,438,995 Shares Sold Out Positions: 15 503,734 FUNDAMENTAL STANDPOINT From a fundamental standpoint, we need to consider a few things... I'm more of a technical trader so please add anything you feel is necessary. - Jumia is not profitable , yet. - Debt/Equity is sitting at .06, stating the company uses $.06 in debt for every dollar they have. This is can confirm that Jumia doesn't overleverage debt/equity. TECHNICAL STANDPOINT Charted on the 1W timeframe, we can see a clear breakout from $28.28 (monthly level). It's not perfect but I was able to recognize an inverse head and shoulders on the weekly. On the technical side of things, we are bullish but I'd like to see a few things before we declare entry (if you missed it already). I'd like to see the price come down and retest $28.28 and/or $31.7 as support, we can confirm this with a retest and close above on the daily timeframe. At the end of the day, this could be a hidden gem waiting to pop. DISCLAIMER: JMIA HAS NEVER MADE A PROFIT! JMIA has potential but still faces many risks including political instability, underdeveloped logistic structure, and has a net income of -$253,890,000. -DCJ-
NYSE:JMIALong
by DotcomJack
3
$JMIA African Amazon. Looking at the Charts.After much skepticism $JMIA has found it sell one of the hotter stocks on social networks ( they have sites for that). $JMIA is compared to $AMZN as the African version. Taking a deeper look, the company has potential but suffers from potential infrastructure problems as it expands across Africa.But they have big goals and seem to be taking the steps to meet those. A Lot of potential in that business and in the charts. Looking at the charts, JMIA has formed a Cup and handle on the daily chart and looks like it could break out bullishly. Also aligned with this breakout is earnings, and this is where we could see a rocket or an anchor. Expectations are not to much higher than last quarter and I am expecting a decent beat. Guidance is where we will have to see. Good luck and happy trading!
NYSE:JMIALong
by SimpleStacks
$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