0A44 trade ideas
Stock to watch: Jumia Technologies AG (JMIA) - re-uploadNYSE:JMIA
Re-uploading the original idea from Nov 24 (which was brutally deleted by the moderators LOL) 👇🏻
Original chart from Nov 24
Original idea was: This stock showed almost 300% growth since October and has a lot of momentum to show. Buy/Sell Zones indicates a 7-day green zone. Targets for a long play: the all-time high (which is slightly above the 1 Fibonacci) up to 2 Fibonacci.
Even though the asset already showed a good move, there is a chance to jump in Long as the potential targets are still on the way.
Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
JMIA to break resistance and hit 62$Hey, investors! If you saw my previous JMIA analyzes I was right it did bounce off support at 25$ (it doesn't show it on the chart that it did unless you go to 5D because it hit 25$ for only about a minute) since then it has shot up 17% and will break resistance to set it as new support and will be going around 62$ by February.
Remember this is only my opinion from my analyzes and you should always do your own before buying a stock.
$JMIA Swing Trade IdeaJMIA had an offering a few days ago and has since been tumbling.
Looking at the volume profile, most of the volume accumulation and POC is around $20 and below.
There's not enough volume in the 20s to prop up current prices, looks juicy for a trade to the downside.
If JMIA breaks under 28, should gap down through the volume profile gap in the 25-27 area.
JMIA: Perfect cup and handle exampleThe target of this almost perfect cup and handle on JMIA was reached.
Next scenario:
-Pullback to 28,24 and 20? and then resume the uptrend towards 41 and the next fibo extension at 62?
-OR consolidation around the current level.
The TD sequential is on a 9 daily and the price level is at the 41.47 resistance.
I remain neutral-bearish short term and bullish long term.
JMIA rise to $62 by Mid-February?Was looking at JMIA and could see new support before rising to $62 a share by Mid-February.
Was looking at other post and saw someone said this would happen about a month later than my prediction but JMIA sees rapid growth in Africa and could see bigger spikes sooner than we think.
Jumia between December and JanuaryI could be wrong but I am thinking there will be a small sell off on Jumia as a way to correct the stock. Now that the company has more traction because of its growth in Africa, it will keep building steam even ahead of earnings in March. I think the stocks is a good stock. Could be wrong.