JMIA trade ideas
JMIA bullish wedgeFirstly, I hate wedges, because they are like symmetric triangles that can be stretched and adjusted forever. But here is one way to draw it; 4 touches on the top and 3 on the bottom with an apex around $7.28 on 9/2. Just happens to be the bottom of a purple channel I also drew. If it gets that low, the RSI might get lower than 30 on the daily chart. Bears could get wrecked soon as the gap between $15-16 could get filled with ease.
JMIA to Long, Demand ZoneDaily Demand Zone
Entry below 10
Stop : 8
Target: 20; risk/reward=1:5
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JMIA short term trade or 5-10 yr hold
African E-commerce:
Jumia Technologies AG engages in the provision of logistic services. It operates though e-Commerce platform segment. The e-Commerce platform segment consists of marketplace, which connects sellers with consumers to its logistics service, which enables the shipment and delivery of packages from sellers to consumers, and payment service, which facilitates transactions among participants active on platform in selected markets.
Pls see chart
[JMIA] Entering Value Range... Probably More Room to FallIn 1% at $6.50.
Value pickup anywhere between $6 and $11.
Bottom support should hold up well if it gets down there.
I scalped the last peak and already began reloading gradually.
Lets keep an eye and see where this goes so we can catch that next spike... maybe hangs in this range here till earnings FOMO?
$JMIA Jumia Technology Potential Reversal Trade
Potential reversal trade as the stock has found support
on the 50MA and the Fibonacci Golden pocket.
Reversal Targets=
$12.95 - 0.236 Fibonacci resistance.
$15.00 - Gap fill resistance & Fibonacci dead cat bounce level.
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$JMIA Jumia Technologies 30% potential reversal Jumia Technologies AG engages in the provision of logistic services. It operates though e-Commerce platform segment. The e-Commerce platform segment consists of marketplace, which connects sellers with consumers to its logistics service, which enables the shipment and delivery of packages from sellers to consumers, and payment service, which facilitates transactions among participants active on platform in selected markets. The company was by Jeremy Hodara, Sacha Poignonnec, Peter Allerstorfer, Manuel Koser , Tunde Kehinde and Raphael Afaedor founded on June 26, 2012 and is headquartered in Berlin, Germany.
$JMIA short "African Amazon"Earnings report has always caused this stock to dump 10-20%, I expect to see another dump tomorrow.
JMIA Bullish coming into ERLooks like it's forming a cup and handle for the last week and no consolidating for a big move right before ER. Anticipating a test for $21 again. Breaks $21 then we test $23.
$JMIA Jumia Tech levels to consider into earnings
After a 250% move in 2 months, things are getting very lofty for JMIA, but as earnings approach
the bulls are still involved.
Option activity is bullish.
Sentiment and momentum are on the side of the Bulls.
$20.35 Fibonacci resistance has currently halted the run, a break above could set up a move to
$26 & $31 where we have major pivots.
To the downside $18.20 & $16.00 are support levels to watch for any dips or selloffs.
JMIA update first support is $16.50 we break then we go back down to $14.47. I am bullish still on JMIA. I have been buying more conracts. My PT is $18.60 & $23.60 once $18.60 breaks. I expect this stock to run up again before ER
Short correction1 hr 4 hr and 1 day all over 90 RSI and expect a bounce back to at least $20.00 or even maybe $18.50 after open tomorrow then after RSI goes down it should bounce back and pass $23.00 with ease.
Announce Second Quarter 2020 Results on August 12, 2020Jumia to Announce Second Quarter 2020 Results on August 12, 2020
Investors now seem to be turning to the African growth stock, as it does offer considerable upside potential.
Often called "the Amazon of Africa,"
pandemic could be just what Jumia needs to unlock its growth potential and set the company on a path to profitability.
Investors on Twitter were looking forward to Jumia's August earnings report, bullish that a better-than-expected round of results could unleash further gains in the stock. Several analysts also raised their price target on Amazon today ahead of its earnings report next week, which may have caused investors to look more closely at Jumia.
With China rebounding from its coronavirus lockdown in the second quarter, investors are more optimistic about Jumia's prospects, but analysts still expect revenue to fall about 21%
