$JMIA - Bullish Exploration of New ATH

Updated
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


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Note
Wetting my beak here. Jan 45
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Caught a nice bid today and held above the previous ATH. Swinging this with January expiration, already in small profit.
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TG2 hit 🎯 Trim & hold
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 PatternsFibonacciWedge

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