4JMA trade ideas
$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!
Interesting Volume. First of all looking into the chart i noticed the Cup with handle pattern. High volume on the right side of the handle which indicates Institutions buying and they believe in the company. My notes on the cup with handle formation. Something else i see as well is the high volume over the past month. With earnings on Nov 10 it seems strange the amount of buying leading up to earnings. Any advice is appreciated. Not a financial advisor.
JMIA forming a cup and handle Possible cup and handle formation from JMIA, will be legitimate once candle broke out the red horizontal resistance
JMIA to $50 by February?JMIA is the amazon of Africa. I think we are going to see it go parabolic. Here is the daily. Leaps! jump in!
Possible Future of Jumia StockBecause of the elections, Covid-19, uncertainty of unemployment, the market could move in many ways. But this stock shows a lot of momentum going up. But at the same time, it could go in any direction. This is just an idea that I have in mind.
JMIA critical zone BULLISHFacing a dynamic resistance and a support. Hopefully it breaks the resistance and the first target price is on the $21 and the second one on the $23. Stop loss: $14.90.
$JMIA Jumia Bull_flag Breakout Targets
Bull flag breakout from JMIA looks set to continue higher in the days to come.
Stock is gathering momentum and exposure within the market to some high profile investors.
Long entry on strong break above previous Fibonacci resistance @ $19.00
First major psychological target $20.00
Fibonacci target $21.00
$JMIA Short BullishThis is my first Idea, but I see potential in short with this stock. Time to buy!
Based on some AMD fractals, my JMIA projectionsI like how AMD stock traded on the weekly chart from 2018-2020. I think JMIA is moving faster than AMD at this time, and so I charted my direction for JMIA basing how AMD traded on the weekly chart from around April 2018 - 2020. I'm glad to see that $15-16 gap was filled. I knew it was a matter of time. It would not surprise me to see the price pullback a little into that gap from $12.97-$13.29 get filled soon. I guess it's ok to hold if you're willing to wait a little and watch it drop 15-20%, or sell now and look for a quick 'buy the dip' moment.
JMIA may see the breakout that I have been waiting to seeIf breaks through the $18.33 level, could be smooth sailing for another $1 or so.... had mostly an up trend all day....
Same pattern happening from Aug 05 pull back
The chart pattern seems to form like what happened in Aug 05. It pulled back on that spot and bounce back. This might reach again to 19's and hopefully can break that resistance in the 20's. There's still a positive call volume in this stock which still bullish.
JMIA to 30 Wave 3 JMIA the amazon of africa look like is trending to a high of 26-30 for ER runnup on a hourly Elliott Wave 3. should see a correction and then end up in 40+?
thats if it forms this next inverse shoulder on the 15 minute timeframe to complete an inverse head and shoulders. if it breaks we could see a downward movement to 16 support.
Jumia Running Wild thru the African Jungles! The Amazon of Africa may i say more, Covid 19 is revolutionizing Africa right now and 5G will soon be available in even more cities.
$JMIA LONG IDEA Will break down trend before earnings ? if over $10.64 look for 12.90 & 16.62
LONG TERM looking for 19 become support. re-claim 21 big resistance over that green box, $44 still in play long term target.
JMIA Bullis AFI anticipate this reaching the prior high of 21.07, likely this week. Great long term hold and also great for hit and run trades. 20.24 first target.
Short JMIA to 2nd Square Completion 100% GainJMIA has recently gone into over-bought territory to an absolute extreme, not seen by any other stock on the market currently. Not only that, the 10 ema is above the 50 sma and the 200 sma is below the current price. From this, we can see price will be driven downwards to meet a better agreed on price range. This will result in further down trending price-action until the geometric and harmonic vibrations are satisfied in price-time. We can short from around 19.38 down to around 9.14 for an approximate gain of 100% in 1 -1/2 months. After this short position, we expect a break out of the bullish symmetric in January of 2021, followed by a 10 month bull run peaking on November 2021. We will do a follow up idea on the long position, once that time has rolled around.
congrats!if you got in my alert at under 13 or recent call alert! we are eating good baby! lets keep eating. look for 23-25 over 19. Goodluck :)
jmia techi honestly don't know anything about this company but from my TA i see this thing going to $20 easily. looking for an entry on the 15m but the daily looks beautiful.
JMIA Long term buy and hold, everything under $20 is a gift. My first price target is around $40. Strong increase in buy volume the past weeks shows me someone is ready to be in this for the long haul, and I am willing to pay to ride along. Basic fib levels for areas of potential resistance above. Green lines are 3M lines of interest to me.
$JMIA short this company 2-3 days before earningsEASY MONEY, your welcome... I called the top last time and I will call it again. "aMaZoN oF aFriCa" CLOWNS!
Wait till November 6-9 to short, earnings day is on November 10!
Short after trendline resistance and nasty gravestone dojiJMIA more than doubled within 13 days. That lead to an overbought RSI so I took it on the watchlist.
Today it broke the downward trendline which is formed since the last runup in August to the upside.
But above it formed a double top @17.04 and I took a short position @16.95.
Due to the following drop which I did not expect in this extend I already have a positive SL just above the downward trendline. If history repeats itself the SP will move back towards it and gets rejected.
My TP are the Fibbonacci 0.5 & 0.618. Both price levels also have a history of support and resistance.
Entry: 16.95
TP1: 12.4
TP2: 11.21
SL: 16.5
What a nasty gravestone doji on the daily!
