Not sure why Jumia has such strong technical while the fundamental are not so good. Is Jumia being given the same grace as Amazon that did not turn a profit for 13 or so years? Jumia is not turning a profit. But Jumia is like the Amazon of Africa. Do investors see the same future for Jumia? Do they see this as a bargain price for longterm investors? Not...
Shares of Jumia Technologies (NYSE: NYSE:JMIA ) experienced a sharp 52% drop following the release of its second-quarter 2024 financial results, underscoring significant challenges the e-commerce platform faces in maintaining its market position and financial health. Key Financial Highlights - Revenue: Jumia reported a revenue of $36.5 million, marking a 17%...
Looking at the MMAT Meta Materials options chain, i would buy the $8 strike price calls with 2022-8-26 expiration date for about $0.48 premium. Looking forward to read your opinion about it.
As everyone is really excited due the ER whether is in short/long position. In advance, Rome wasn't built in a day. We saw at the Amazon that workforce expense and shipping cost hit/strode them hardly and I expect the same in case of Jumia. What is really a struggle for me is how to evaluate the currency exchange. Their major market is: Egypt, Morocco, Ivory...
I believe I can see at Jumia Technologies share, XABCD pattern on Monthly chart. This pattern is very bullish on the share..
JUMIA is a German company that operates in Africa and is most known for its e-commerce side. but, in my opinion, most interesting thing about this company is its other 2 parts of the company. jumia logistics -> this part of the company offers logistic to the main e-commerce, BUT also is now open to third parties, both local sellers who wants to operate with...
Hello Dear traders! According to my analysis using multi tools, my opinion about JMIA is to turn to bullish move before the end of 2022 TP1 AT $11 - TP2 AT $17 - TP3 AT $30 The probability of what I analyzing, is to be true unless the opposite is proven Feel free dear trader to share with me your opinion, and also your analysis & Keep Watching Have a nice trade
It could go down to 5.50 before rallying again. Once it breaks above the top trend line, I expect it could hit $18 range.
Jumia has dissapointed investors due to its slow growth expressed in both, weak figures and a lack of onboarded customers. That being said, a price reaction can be clearly seen on the charts. However, Jumia has chosen the African continent as its target market and wants to be the Amazon dominating ecommerce. This gives tremendous opportunities to grow. Analysing...
Potentially great risk / reward setup for long side trade here on JMIA. Possible 50% reward here with only 15% drawdown risk. JMIA hitting long term support and a fib extension level i had. Now putting in a nice hammer with good volume coming in. Looking for retrace up to 382 retrace minimum at 12.00 area and SL at 6.75. Trade at your own risk.
Recently broke out of falling wedge and is likely to bounce off of the top of the wedge and use it as support. Double bottom recently played out inside the wedge. JUMIA has been in a downtrend for months. Price target around $15+. This is no guarantee and is just my analysis. Not financial advice. Trade at your own risk.
Jumia Technologies AG operates an e-commerce platform in Africa, Portugal, Germany, and the United Arab Emirates. They kept diluting their shares in the last year and investors were disappointed by the results. i see two scenarios: it bounces from this support and the price target is the 21usd resistance. it drops to 8usd, according to the head and shoulders...
Buy orders set for $7 and $5. Opening below current price = More likely Playing supports is key for a stock like this.
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.
⚠️ This idea is based on my technical analysis only. Do your research and trade on your own risk!
Hello everyone, I hope you are all doing well! As we may see, we have Divergence while on resistance of the channel that we have formed, which we are most likely going to break. The Take Profit is sitting at $40. Have an amazing day!
Today, we will speak about JMIA. Let's check the main items we can see on the chart. a) The price has broken a huge descending Wedge pattern b) As usual, after the breakout of this type of structure, we can observe a retest or consolidation close to it. c) In this case, we are observing a consolidation between 34.00 and 27.00. It's possible to observe...