JMIA STRONG STOCKS LOOKING FOR CONTINUATIONFrom Sunday Prep Jun 27, 2021 prepared by TrueTrader pro RickyAnalog
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There is a very strategic reason for having this name on here. If you look at the
TIGR chart (especially the weekly), you’ll see that it has already made the long setup that I anticipated TIGR could do. We need to break over $34 to really trigger the setup, and at that point I would still want to see pullbacks to support to get long. But I like this chart for an overall swing long.The weekly chart shows the only thing I DON’T like about this setup
That is the weekly 20sma looming just overhead. But, like I said; I would want this to trigger and then offer better prices later. So that really takes that worry out of the equation. Also, the weekly ALSO shows something that I REALLY love about this chart: Where this pullback came back to. You can clearly see how important this level has been.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.