JMIA falling wedge
Updated
Looking for breakout above resistance of $12.57. Once broken, can see $14.97 (second resistance).
First support level $11.37 (look for a bounce off of this level). If it can't hold, we may see as low as $9.95 again.
First support level $11.37 (look for a bounce off of this level). If it can't hold, we may see as low as $9.95 again.
Note
Broke through resistance, as predicted!!! Next minor resistance looks to be around $13.19.Trade active
$12.57 is now considered new support level (old resistance). First (major) target price: $14.97. A clean break of $14.97 and we could see 17.90s relatively quickly.
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