JMIA BreakoutJMIA is in a clear ascending triangle on every chart. technicals point towards a break out soon; its been holding support and been in a steady upward trend past couple days, looking for January exp entry PT at 45
JMIA trade ideas
$JMIA is ready to be massively SOLD!The reasons are:
Ascending wedge pattern on 2H + descending volume (left window)
Double top pattern on 1H + descending volume (right window)
POC is below $20 per share
Chaikin Money Flow index is descending on both of the charts
Put option alert is triggered by Benzinga
JMIA (NYSE:JMIA), we notice a put option sweep that happens to be bullish, expiring in 8 day(s) on December 18, 2020. A trader bought 326 contract(s) at a $35.00 strike. This particular put needed to be split into 8 different trades to become filled. The trader or institution spent $83.6K on this trade with a price of $255.0 per contract. There were 3560 open contracts at this strike prior to today, and today 1335 contract(s) were bought and sold.
Analysts rating:
Date Research Firm Action Current Target
8/13/20 Stifel Maintains Hold 12.0
8/13/20 Morgan Stanley Maintains Equal-Weight 11.5
5/14/20 Stifel Downgrades BuyHold 4.5
Wish you a profitable trading week!
Dias
JMIA TREND UPWARD CHANELThis is my first idea published on TradingView. Any comments and inputs from you are Wellcome.
JMIA is definitely trading in the upward Chanel.
Based on this Chanel there are a few things to note:
a) The upper price target in the short term is 44 - 45 (if we continue to go up in the short term)
b) The lower price target if we drop hard in the short term would be a $20 range
c) The price target by the end of 2021 is $100
Please comment and let me know what you think.
