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$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
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