$JMIA Jumia Technology Indicators signal possible bottoming The horrid sell-off post earnings may be coming close to a end.
The 100ma has held as support once again and the stock is now wedged below the 12ma.
Indicators are showing Bullish divergences' .
Alert set for break above 12ma with $9.30 ish as the next major resistance zone.
JMIA/N trade ideas
JMIA to Long Entry: 8.3
Stop : 6.5
Target1: 14; reward/risk=3:1
Target2: 20; reward/risk=6:1
I am not a PRO trader. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
My 9/1/2020 JMIA trading plan is a loss for now.
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 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 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.