JMIA
African Amazon $JMIA been silent for awhileFA,
- African Amazon (so they say)
TA,
- MACD golden cross
-RSI reversal
- Big volume spike (double the average)
-Forming a nice base
Concerns,
- Transparency of numbers coming in
- Have no clue what it's like in Africa
- Too hyped.
Entry: Under 8
Exit : 10.5
JMIA bullish wedgeFirstly, I hate wedges, because they are like symmetric triangles that can be stretched and adjusted forever. But here is one way to draw it; 4 touches on the top and 3 on the bottom with an apex around $7.28 on 9/2. Just happens to be the bottom of a purple channel I also drew. If it gets that low, the RSI might get lower than 30 on the daily chart. Bears could get wrecked soon as the gap between $15-16 could get filled with ease.
[JMIA] Entering Value Range... Probably More Room to FallIn 1% at $6.50.
Value pickup anywhere between $6 and $11.
Bottom support should hold up well if it gets down there.
I scalped the last peak and already began reloading gradually.
Lets keep an eye and see where this goes so we can catch that next spike... maybe hangs in this range here till earnings FOMO?
$JMIA short "African Amazon"Earnings report has always caused this stock to dump 10-20%, I expect to see another dump tomorrow.
JMIA update first support is $16.50 we break then we go back down to $14.47. I am bullish still on JMIA. I have been buying more conracts. My PT is $18.60 & $23.60 once $18.60 breaks. I expect this stock to run up again before ER
JMIA UPDATE BULLISH PT $28 UPDATEI expect a pullback to $20.92 if we can't hold then next support is at $18.65. Resistance is at $23.60. break of this and price willhead to $28. Higher timeframes still show more room to the upside before ER.
$JMIA Overbought - Short term Retrace$JMIA Overbought - Short term retrace
Short term bearish - this will need a healthy retrace before heading higher most likely. I'm long term bullish based on the fundamentals.
With the volume seen today, this would be a risky short. I would set a stop just above $16.
Near term target: $12-$13 range
Note: This is not investment advice.
JMIA BUY OR LONG , TARGET UP TO $16JMIA probably waking up after a long day of hibernation, this is a risky deal but I set aside 5% of my assets to buy today and a 10% stop loss.
Pattern : This is the opposite of the "Cup and Handle" type, there is a lot of evidence of past stocks that have worked very well because
this model, I'll update in the comment section.
JMIA buy : $9.2 +- 0.1
JMIA target : $16
Stop loss : 10%
This is a potential but high risk deal, I only bought vs 5% of the assets.
Wish you good deals!
Fibonacci retracement - JMIA/NYSE Jumia very bullish. However, company is a relativly new listing. Extreme caution should be taken trading this stock.
JMIA: Good risk/reward on longs hereJMIA is a binary play. It could very well go bust or it could prove a great runner bagging you multiples on your investment. The stock has a completed demark downside exhaustion count and has broken out of (and successfully retested) the wedge it was in.
$JMIA Going To Squeeze The Shorts With 82% Of Float Short$JMIA is on the verge of an epic short squeeze. While the shorts have been right on the money so far, we believe they have overstayed their welcome and are going to be forced to cover.
Yesterday's news:
Jumia (NYSE:JMIA) has named Kenneth Oyolla as its new chief commercial officer, replacing Diana Owusu-Kyereko, according to Business Standard sources.
Owusu-Kyereko was promoted to head Jumia Ghana under the loss-cutting reorganization process.
Oyolla joins from serving in a similar position at Industrial Promotion Services. His prior work history includes stints at Nokia and Unilever.
As always, use protective stops and trade with caution.
Good luck to all!
The Amazon of Africa: Potentially reversing from a major bottomH/S bottom coming out of a near 12 month channel + a retest of the neckline.
What is JMIA -
"Jumia is an online marketplace in Africa for electronics, and fashion among others.The company is also a logistics service, which enables the shipment and delivery of packages from sellers to consumers, and a payment service, which facilitates transactions among participants active and Jumia's platform in selected markets. It has partnered with more than 50,000 local African companies and individuals and is a direct competitor to Kilimall in Kenya and Konga in Nigeria. Started in 2012 in Lagos, the company currently has a presence across more than 10 African countries." - Wikipedia
JUMIA in possible reversal, bullish for 2020JMIA has had a tough year so far however the past few months have shown signs of accumulation and also the RSI has had higher lows.
The current dip in price is still having support on the trendline.
Expecting the asset to go higher in Q1/Q2 2020.
Note: This is not financial advise. Please do your own research.
JMIA short.I have a general negative fundamental outlook. I believe Andrew Left's concerns are carry weight. I'm timing my entry technically in a fashion that makes sense. Psychologically, the market has been aware of both sides of the narrative. The post-IPO hype and the consecutive extreme run-up. And Mr. Left's negative narrative and the consecutive extreme drop. Now the question is which narrative will win in the minds of the market participants. The stock has been ranging for awhile. The level I see as critical is where I've placed my stop. It's a level if breached would indicate for me that I'm "wrong" and the market does not agree with my (and Mr. Left's narrative). That level is in the general area of 33% retracement of the big drop and a recent swing high. My target is $10 but I'm placing my exit just a bit above because $10 is a psychological level and we are likely to see some support there. The institutional holdings of this stock are low. There are a lot of retail bagholders. With enough pain they will capitulate.
