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JMIA

Current view on JMIA. Relevant levels and structuresToday, we will speak about JMIA. Let's check the main items we can see on the chart. a) The price has broken a huge descending Wedge pattern b) As usual, after the breakout of this type of structure, we can observe a retest or consolidation close to it. c) In this case, we are observing a consolidation between 34.00 and 27.00. It's possible to observe a new local low on that range or a range between the specified price levels d) However, the most important level we are observing right now is the activation one. (Green horizontal line at 34.80) e) If the price reaches it, we expect a continuation of the bullish movement towards the next resistance zone at 48.00 f) Pay attention to the horizontal yellow line as a possible inner resistance zone g) If the activation level is reached, we expect a resolution between 20 to 40 days h) Of course that if the price keeps falling, we will cancel our view. Also, if the idea is activated, our invalidation level is below the consolidation structure. Thanks for reading!
NYSE:JMIALong
by ThinkingAntsOk
2
Jumia $JMIA - investment idea 💡This stock been trading for a while in the demand zone, giving great opportunity to buy the dip for it's low risk and great target potential. I expect it to up if not today it will be in a few days. ❌ - Volume looks good bust still under the average ✅ - Double bottom ✅ - Bullish price action on the daily (Bullish Doji) ✅ - MACD ✅ - STOCH ✅ - Momentum ✅ - DeMarker ❌ - MA50 (-23.9%) ✅ - MA200 (+31.35%) ❌ - Pivots: (-10.46%) ⏰ - Breakout 1: $40.37 🚀 - Potential targets (🚀247% by 20/07/2021) 🪂 - If things goes wrong better to exit if $32.60 didn't hold 🚦 - Next entries in case if dropped: $26.82 ⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
NYSE:JMIALong
by Bullwards
2
H&S or RipCity?Ok, I'm not sure I've ever seen so many members calling out an "obvious" head and shoulders pattern. If that many people see it as obvious, then I always become concerned it might be a fools pattern. I've laid out a potential Elliott Wave pattern that would be the exact opposite of the bearish breakdown of the H&S pattern. I agree the H&S does look quite obvious, but if it doesn't play out, then it could be ripcity to the upside with a target of $140 for Primary Wave III.
NYSE:JMIALong
by kflynn2018
5
JMIA Time to buy? Jumia Technologies Jumia Technologies' stock has already soared over 1,600% in the last year. Headquartered in Germany, this "Amazon of Africa" operates an integrated ecosystem comprising an online marketplace, logistics business, and payments business. Jumia's fourth-quarter revenue dipped 15.3% year over year to 41.8 million euros, while gross merchandise volume was down year over year by 21% to 231.1 million euros. Despite this, the company has reduced the adjusted EBITDA loss by 47% to 28.3 million euros. Jumia is shifting from an asset-heavy, inventory-laden traditional retailer model to an online platform model. Hence, although the total revenue earned from commissions and fulfillment fees is lower, it generates higher profitability for the company. Additionally, the asset-light approach will also help the company to rapidly scale in the African market in future years. The company's strategy of shifting toward smaller-sized and more profitable everyday product categories and away from phone and electronics is helping improve unit economics, which translates into higher margins. Jumia is also focusing on improving overall usage efficiency by reducing cancellations, failed deliveries, and returns on cost efficiencies -- another major driver taking the company closer to breakeven. Jumia Pay is also seeing rapid adoption, with total payment volume increasing 58% year over year and JumiaPay accounting for 35% of the total Jumia transactions in 2020. The company is working to position JumiaPay as a preferred digital payment option beyond Jumia marketplace, by partnering with prominent players across sectors in Africa. Jumia is trading at a 12-month trailing price-to-sales (P/S) multiple of 25.7, which is steep. However, when this is compared to P/S multiples of e-commerce players such as MercadoLibre (NASDAQ:MELI) and Sea Limited (NYSE:SE), which are relatively small in market capitalization and focused mostly on developing markets, Jumia's valuation seems quite comparable. With a reach of over 600 million Africans and an annual active customer account of only 6.8 million at the end of 2020, Jumia has plenty of room to grow in the years ahead. source: www . fool . com /investing/2021/03/23/these-3-disruptive-stocks-could-easily-double-your/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
NYSE:JMIA
by Vermeire
7
JMIA may be due for bullish boost according to 6 algorithmsI have changed up how to best display projected movement. In the case of JMIA, 6 of my algorithms signaled a BUY on March 19, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the Hourly chart after a BUY signal occurred. Therefore, this box represents 100% of previous movement downward before the stock finally moved upward. The smaller red box represents 50% of all historical movement downward, before the stock moved upward. The smaller box is more of a precise target for the potential bottom in this instance. The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final top. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could rise the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never rise (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
NYSE:JMIALong
by StockSignaler
1