Get started

JMIA

JMIA bullish for the long run.The first thing to know is that Jumia is an online retailer like Amazon. I think it has a lot of potential partly due to the fact that it is an African company. Like almost everywhere, Amazon has also tried to expand into Africa but failed because the structure in Africa was too difficult for Amazon. As far as I know, Jumia has no major competitors in Africa. The company itself is managed by a headquarters in Germany. Now they are not just a Zalando or a Shop Direct they are also a takeaway and they also have their own payment service. Like you have an iDeal or a PayPal. So they have different business activities. According to the world statistics of the internet (2019), 70% of internet users in Africa are also a user of Jumia. They are currently active in 11 African countries out of 54. So there is still plenty of room for expansion. According to most analysts, the value per share is worth $ 296. While the price per share is now around $ 40-50. There is also an expected increase in turnover of 40% year on year. The only “downsides” I think are that they haven't made a profit so far. Now, in the end this is not bad at all, as it ensures that the price per share remains so low for the time being. Tesla has only been profitable for 1 year now, but everyone wishes he had bought shares before that year. They strive and are getting closer to profitability. This way they can make further expansions possible.
NYSE:JMIALong
by Vermeire
2
JMIA Forming New Support for BreakoutJMIA is currently testing its previous trendline as support( green line ). The candle pattern and standard deviation pertaining to strength of move in relation to volume, indicates that a base has been formed above the previous resistance. If the price action is able to break the current resistance( blue line ) formed within the move above the previous trendline( green line ), it should test the next overhead resistance along the upper trendline( orange line ). The projected strength of this move ( based off prior moves showing similar indications ) shows the potential to reach the upper trendline resistance( orange line ) within the next few weeks with a pullback expected once the price reaches near $79 . If the move maintains demand within the market, the price action could see $85.50-$87.75 once the trendline resistance ( orange line ) is confirmed as a support. A break below the current trendline support ( green line ), followed by a rejection of re-entry, shows a probable move to test support of the previous trendline( red line ). This is unless it is able to form its own support from and increase in demand above previous levels of buyers entering the market. In my opinion since the $53-$55 demand has already been tested as support, the earliest this demand-formed support could develop above the previous trendline( red line ) would be between $49-$51 ($51 support level would indicate strength with it being a 1.13 extension of the previous retracement). The lowest a support should be formed to continue an uptrend would be between $46-$47 . This would require that the price had broken down below the previous trendline support( red line ) and successfully regained entry from the support. This move would be similar to the trend re-confirmation that happened on 06 Jan 21. The potential long entries for this trade: Similar to the move described above, entry could be after a break below the green line and a strong re-entry into the current price range. This would indicate a demand based confirmation of the upper trend. OR Entry can be when the price has confirmed support above the demand indicated candle( above the dashed red line ). The indicated potential stop loss would not necessarily be within that range, but within that range after a rejection of re-entry into above trend( green line ). Although, waiting for a retest of the green trendline would increase risk as there is no guarantee it will find the demand to retest this resistance. **This is not financial advice or a suggestion to enter a trade in JMIA, this is just what I am looking for in my own personal entry.
NYSE:JMIALong
by rickhubbard10
WATCHLIST - WEEK OF 2/1 - 2/5QQQ broke the 20 day MA on Friday. Would love to see that level reclaimed for more upside in the market. Here are some levels I see for this week (note, these are intraday levels - not swing levels). Of course, this is just my opinion and I am not liable for your trading decisions. INO calls over 13.1 or 13.7 CRWD calls over 218.25 BYND puts under 177 JMIA puts under 54.3 If the market rallys this week then calls over 60 will work too PYPL puts under 232.6
NASDAQ:QQQ
by algrowithm
4
JMIA ... CUP and Handle patteran and pocketpivots found on Hfor JMIA , I see CUP and Handle pattern on Hourly chart. Also found ocket pivots for 2 days. (see those cnadles highlighted in yellow color) ... That means volume is increasing , you have CUP and Handle pattern ... once it breaks the resitance line ... It will go up further ... See the explanation on the chart ... Let me know your comments ... Warning This is not finnacial advise ... for trading decissions please do your own research
NYSE:JMIALong
by mohanee