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JUMIA TECHNOLOGIES AGJUMIA TECHNOLOGIES AGJUMIA TECHNOLOGIES AG

JUMIA TECHNOLOGIES AG

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JMIA/N trade ideas

$JMIA Time to WatchJumia is an interesting stock and was a pennystock until they got new management while back. It has recovered, but now it's markcap shows it returning back into a pennystock. At current levels I see an opportunity that you may want to build a position. News -Missed on ER, but they have 600mil in cash TA -Since I been watching, Jumia has about a 7-8% downside to $17.66 which was resistance back in Aug-Nov 2020. Next point of interest is 28.07 bringing a 45% unside move. -RSI is oversold leans bullish -MACD is still bearish and leans more bearish -Below the EMAs, which is bearish but could have an upside of 7% to try and turn bullish again. -High vpvr levels at $22 area Final Thoughts Overall it's a stock I would buy on speculation, but I'm in ASTR atm so I'll be watching it closely while I look for another trade after I make my gains in ASTR. Jumia has major investors supporting it and its a bet on the African Economy, so maybe do some research on Africa of Covid19 and see how much is being impacted. For myself I don't hear anything about Africa on this matter, so its one piece of news I'm unknown on. Overall I told my friend before it crashed it would hit $50, but now with its MC below $2bil I think its a major steal with a massive upside protentional by years end and maybe the short term.
NYSE:JMIALong
by nathanielx9
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
Sunday Prep 6/27 - A break over $34 will trigger long playsNYSE:JMIA STRONG STOCKS LOOKING FOR CONTINUATION From Sunday Prep Jun 27, 2021 prepared by TrueTrader pro @RickyAnalog --- There is a very strategic reason for having this name on here. If you look at the NASDAQ:TIGR chart (especially the weekly), you’ll see that it has already made the long setup that I anticipated NASDAQ:TIGR could do. We need to break over $34 to really trigger the setup, and at that point I would still want to see pullbacks to support to get long. But I like this chart for an overall swing long. The weekly chart shows the only thing I DON’T like about this setup That is the weekly 20sma looming just overhead. But, like I said; I would want this to trigger and then offer better prices later. So that really takes that worry out of the equation. Also, the weekly ALSO shows something that I REALLY love about this chart: Where this pullback came back to. You can clearly see how important this level has been.
NYSE:JMIA
by TrueTraderOfficial