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%
JMIA trade ideas
$JMIA Overbought - Short term Retrace$JMIA Overbought - Short term retrace
Short term bearish - this will need a healthy retrace before heading higher most likely. I'm long term bullish based on the fundamentals.
With the volume seen today, this would be a risky short. I would set a stop just above $16.
Near term target: $12-$13 range
Note: This is not investment advice.
JMIA BUY OR LONG , TARGET UP TO $16JMIA probably waking up after a long day of hibernation, this is a risky deal but I set aside 5% of my assets to buy today and a 10% stop loss.
Pattern : This is the opposite of the "Cup and Handle" type, there is a lot of evidence of past stocks that have worked very well because
this model, I'll update in the comment section.
JMIA buy : $9.2 +- 0.1
JMIA target : $16
Stop loss : 10%
This is a potential but high risk deal, I only bought vs 5% of the assets.
Wish you good deals!
$JMIA Jumia Technologies 50% upside potential 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 Jumia Tech Bull run to $18.00Jumia 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 Morning Wedge? Next Alibaba? Waiting for Re-entryI have been analyzing JMIA yesterday night and the sentiment was a positive bullish continuation of the spike it was on. Days in the red are when it is perfect to buy. Right now, I am currently waiting for the sell off and than a decent reentry price for JMIA. I think this will evidentially have lots of profit turnover potential in the long term. As always, everything I say is on an opinion based basis. Please invest at your own risk and do your own due diligence.
$JMIA Jumia Technologies potential 40% Breakout 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 Jumia Tech Potential targets 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.
AMAZON OF AFRICA -- Got some of this at 3ish a while ago as a buy and forget in anticipation of this turning itself around after the shit show it has had of management with corruption and debt .
Some companies resurrect like a phoenix from the ashes some fade away ! This one has all the makings of a thriller :)
Looking to add to my moon bag at 6.93 i think shall update LTF next.
My assumption is that with the new normal logistics and web based services are going to do well do even if Jumia which has a brilliant structure already in place.
MTNL the Jio of Africa has the biggest stake in it so my guess is we carry on upwards slow and steady .
The real fun begins after 27 where i feel it will pull back to 17 to form the handle on the cup and handle formation then break 27 with virtually 0 resistance above.
By then the world should have returned to normal and am sure Amazon would either buy them out or some big partnership.
$JMIA Jumia Tech 45% potential upside
Huge move today but it still has some room to run.
Local Fibonacci resistance at $8.32 a break above
could bring $9.25, $10.00 & $12.00
Major Volume gaps above so rallies could be frantic.
MACD reversed bullishly from Zero-line while
the Histogram is ticking higher and positive.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
JMIA
JMIA!
Market: Stock
Assest: CBOE
Current Price: 6.49
Exchange: ETRADE/Robin Hood
Signal Type: Long!
Pattern: Uptrend Support Line
Divergence: Bullish
My Entry Zone: 5.12 - 5.70
Take-Profit Target:
1) 6.80
2) 7.29
3) 8.35 (Strong Resistance)
4) 10.03
5) 12.14
6) 15.07
My Stop Target:
1) 5.00
Risk: Medium
Reward: HIGH
Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.