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JMIA Jumia ready to bounce from supportJumia 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 pattern and then the price target is the 16usd resistance. Looking forward to read your opinion about it.
NYSE:JMIALong
by TopgOptions
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
Potential REVERSAL in JMIAHey all, JMIA shows sign of reversal to the UPSIDE. At least the Bullish BAT Pattern and the recent price actions suggest it. Why this can be a good pattern? Well, because: 1. Pattern has a very tight PRZ. The range of the zone is only 30 cents wide. 2. The PRZ is right above 200 MA which is very strong support. 3. Pattern completion is not premature and pattern symmetry is around 0.8 4. The price goes sideways for a while. The volume is also very low. This means that bears are out of breath and they are ready to leave the scene to bulls. Okay! These are all good things. How about some negatives: 1. The dollar is strong and still wants to go upwards. The DXY wants to test 95 or even higher to me. So, this adds a little doubt to the analysis. On the other hand, this whole time while the dollar gained strength, JMIA didn't sell off aggressively like other tech stocks which is good. 2. The pattern starting points is controversial. This is my biggest concern. I tried to draw this pattern in a few different ways and I think this is the one that makes the most sense. Although there are other possibilities, all the valid patterns suggest a similar PRICE REVERSAL ZONE. Therefore, I don't think that the analysis can be way off. I am honestly expecting another week of a strong dollar, but I don't expect a long term strong dollar. It is against the policy of the FED and the U.S. government. Therefore, if there is a reversal, I expect it to be a strong reversal. I marked potential profit-taking levels. Make your own decision. I appreciate constructive feedback! Have a great weekend!
NYSE:JMIALong
by TableLamp
1
Jumia The HIdden Gem, New Highs Coming?Toward the beginning of December, we saw Jumia make a strong correction after hitting $40 all the way back to $24.5 before making its way back to $40 zone. Personally I think Jumia is still on track for a continuation toward the upside after this correction, once we break and retest $41. Jumia is a hidden gem right in front of our faces... Jumia is an interesting company yet it seems like it's a bit behind a modern-day business like Amazon. If Jumia were to hold strong and push for profitability, we may see this become a hidden gem as we move toward the next-gen of trade, business, and life in general. For my complete analysis including company numbers on JUMIA, please refer here: EasyLoot.com/Jumia DCJ | Happy Holidays!
NYSE:JMIALong
by DotcomJack
1
Jumia $JMIA | What is it and should you buy it?Good afternoon Tradingview, today I will offer a complete breakdown offering both technical and fundamental points of view. If you have something to add, source that info please. FUN FACT: Andre Iguodala , an NBA player on the Golden State Warriors, has a spot on the eight-member supervisory board! Table of Contents: Introduction to JMIA Company Numbers - NEVER made a profit Recent Headlines - What's the hype about? Recent Trade Activity Fundamental Standpoint Technical Standpoint WHAT IS JUMIA? Jumia Technologies AG, which claims it is the top online shopping site in Nigeria, was founded in 2012 as 'Africa Internet Group' with the companies HQ in Berlin, Germany. Jumia sells items ranging from wall clocks to smartphones to clothing from brands like Zara and local designers like David Wej. Jumia also offers food delivery, travel booking, gaming, and other similar services. There's speculation that Jumia might also be involved with 5G distribution, making it a main player moving into this next decade. JUMIA NUMBERS Employee count: 5,050 Debt-Equity Ratio: 0.06 Annual Sales: $180.1 million Net Income: -$253,890,000 Return on Equity: -112.71% Market Cap: $2.32 Billion Should be worth 5 billion minimum or $70+ per share. RECENT HEADLINES Why's Jumia Soaring? - After a full report was released from Citron calling Jumia "the generational buy", highlighting how COVID-19 pushed the need for e-commerce and digital payments on the African continent. Jumia's "Jumia Games" Jumia's "Jumia Games" launched in five different countries for JumiaPay users. "Jumia Games" seems to have been a HUGE play for Jumia, bringing the stock up 299% since Oct. 1st. Considering this move it seems that investors truly like the shift that Jumia has made although it still hasn't proven profitable. JUMIA INSTITUTIONAL TRADE ACTIVITY Institutional Ownership 15.26 % Total Shares Outstanding (millions) 157 Total Value of Holdings (millions) $592 - Increased Positions: 69 Holders 10,491,340 Shares Decreased Positions: 31 Holders 5,527,785 Shares Held Positions: 11 Holders 7,910,727 Shares Total Institutional Shares 111 Holders 23,929,852 Shares - New Positions: 42 Holders 8,438,995 Shares Sold Out Positions: 15 503,734 FUNDAMENTAL STANDPOINT From a fundamental standpoint, we need to consider a few things... I'm more of a technical trader so please add anything you feel is necessary. - Jumia is not profitable , yet. - Debt/Equity is sitting at .06, stating the company uses $.06 in debt for every dollar they have. This is can confirm that Jumia doesn't overleverage debt/equity. TECHNICAL STANDPOINT Charted on the 1W timeframe, we can see a clear breakout from $28.28 (monthly level). It's not perfect but I was able to recognize an inverse head and shoulders on the weekly. On the technical side of things, we are bullish but I'd like to see a few things before we declare entry (if you missed it already). I'd like to see the price come down and retest $28.28 and/or $31.7 as support, we can confirm this with a retest and close above on the daily timeframe. At the end of the day, this could be a hidden gem waiting to pop. DISCLAIMER: JMIA HAS NEVER MADE A PROFIT! JMIA has potential but still faces many risks including political instability, underdeveloped logistic structure, and has a net income of -$253,890,000. -DCJ-
NYSE:JMIALong
by DotcomJack
3
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!
NYSE:JMIALong
by VictorStone99
11