Short

head and shoulders on JMIA

Updated

Waiting to see if it breaks below the neckline with at least 2 bearish candles before initiating a short position. Negative EBITDA with negative revenue growth YoY.

Trade active

neckline has been broken confirming validity of the H&S pattern; could see a drop to 25ish since major support has been busted

Note

The trend appears to be breaking; start to unwind position if not fully bailing from Puts or short positions. Switch to going long and buying calls.

Trade closed manually

Note

Closed too soon. How bout that ride down??

EBITDAtiger

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