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$JMIA - Bullish Exploration of New ATH
Jumia Technologies AG
Long
$JMIA - Bullish Exploration of New ATH
By willoptions
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Updated
Dec 18, 2020
1
6
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5
Dec 17, 2020
Falling Wedge breakout trade closed ($33-$40).
Now looking for exploration beyond ATH.
Depth of retracement (38.2% or ~$35) gives me an extended target of the 61.8% extension (~$51.50).
TG1
on breakout: $46
TG2:
$51.75
Invalidated:
<$37
Like & follow if you enjoy my work :)
Dec 18, 2020
Note
Wetting my beak here. Jan 45
Dec 19, 2020
Note
Caught a nice bid today and held above the previous ATH. Swinging this with January expiration, already in small profit.
Dec 22, 2020
Note
TG2 hit 🎯 Trim & hold
Dec 24, 2020
Trade closed: target reached
Closed this trade to reduce stim weekend risk. Great trade - Entry at $38-$39, exit at $45.80-$48.50
Chart Patterns
Fibonacci
Wedge
willoptions
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