Not sure why Jumia has such strong technical while the fundamental are not so good. Is Jumia being given the same grace as Amazon that did not turn a profit for 13 or so years? Jumia is not turning a profit. But Jumia is like the Amazon of Africa. Do investors see the same future for Jumia? Do they see this as a bargain price for longterm investors? Not...
Shares of Jumia Technologies (NYSE: NYSE:JMIA ) experienced a sharp 52% drop following the release of its second-quarter 2024 financial results, underscoring significant challenges the e-commerce platform faces in maintaining its market position and financial health. Key Financial Highlights - Revenue: Jumia reported a revenue of $36.5 million, marking a 17%...
A rise to the previous highs is suggested by this bars pattern on chart. It allows for a large cup and handle and a retest of these highs No real trend lines just assuming the trend has shifted 4Hr chart
JMIA is currently working on a beautiful bull flag. Riding the 20 EMA on the 65min chart, and showing some really bullish volume patterns. First target: $8
strong resistance from 200 day MA, if it cant cross then stay short, else go long
Looking at the MMAT Meta Materials options chain, i would buy the $8 strike price calls with 2022-8-26 expiration date for about $0.48 premium. Looking forward to read your opinion about it.
Hello Dear traders! According to my analysis using multi tools, my opinion about JMIA is to turn to bullish move before the end of 2022 TP1 AT $11 - TP2 AT $17 - TP3 AT $30 The probability of what I analyzing, is to be true unless the opposite is proven Feel free dear trader to share with me your opinion, and also your analysis & Keep Watching Have a nice trade
It could go down to 5.50 before rallying again. Once it breaks above the top trend line, I expect it could hit $18 range.
Jumia has dissapointed investors due to its slow growth expressed in both, weak figures and a lack of onboarded customers. That being said, a price reaction can be clearly seen on the charts. However, Jumia has chosen the African continent as its target market and wants to be the Amazon dominating ecommerce. This gives tremendous opportunities to grow. Analysing...
Potentially great risk / reward setup for long side trade here on JMIA. Possible 50% reward here with only 15% drawdown risk. JMIA hitting long term support and a fib extension level i had. Now putting in a nice hammer with good volume coming in. Looking for retrace up to 382 retrace minimum at 12.00 area and SL at 6.75. Trade at your own risk.
Recently broke out of falling wedge and is likely to bounce off of the top of the wedge and use it as support. Double bottom recently played out inside the wedge. JUMIA has been in a downtrend for months. Price target around $15+. This is no guarantee and is just my analysis. Not financial advice. Trade at your own risk.
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.
Jumia Technologies AG operates an e-commerce platform in Africa, Portugal, Germany, and the United Arab Emirates. They kept diluting their shares in the last year and investors were disappointed by the results. i see two scenarios: it bounces from this support and the price target is the 21usd resistance. it drops to 8usd, according to the head and shoulders...
Buy orders set for $7 and $5. Opening below current price = More likely Playing supports is key for a stock like this.
This is the kind of stock that moves in a (cup) formation. As long as nothing bad happens to the company and the market doesnt crash, I think we can see new high on JMIA. Stop loss if the stock closes below $15.40 on any given day.
On the log chart, you can see a clear upward channel that was broken but looks to be turning around now with a double bottom reversal. RSI is back at 50, the stock is trending upwards and MACD looks coiled.
JMIA is down big of recent high of $68. I am long this for a swing trade. I am using the horizontal levels for areas of interest, and I think around $40 is doable before the end of 2021.
WXY formation from a bunch of ABC and 1-5 corrective waves Looking at support now from previous waves