4JMA trade ideas
JMIA READY??Two possible scenarios:
1- Correction finished as double zigzag and ready to fly
2- Correction unfolding as triple zigzag and we should see a drop to $4/$8 area before flying up
I will follow the first scenario as long as the recent low of 9.94 is holding.
Target: $85.58
GOODLUCK!
JMIA falling wedgeLooking for breakout above resistance of $12.57. Once broken, can see $14.97 (second resistance).
First support level $11.37 (look for a bounce off of this level). If it can't hold, we may see as low as $9.95 again.
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.
Upcoming Investment Opportunity for Jumia Buy orders set for $7 and $5. Opening below current price = More likely
Playing supports is key for a stock like this.
Buy $JMIA - NRPicks 19 NovJumia Technologies operates an e-commerce platform in Africa, Portugal, Germany and the United Arab Emirates. The platform consists of a marketplace that connects sellers with consumers; logistics service that enables the shipping and delivery of parcels.
JUMIA / DOLLARIf you are trading stocks maybe this one can be profitable on long run. Jumia invested a lot of money in marketing in previous two Q, but their marketing failed expectations and boosted sales only around 8.5%.
This was main reason for sell off, I think now it is time to start buying the fear, and start waiting for our profits to come in following year. It is long time investment especially compared to cryptocurrencues.
$JMIA hit my line...just the wrong one, I should have played a straddle but only went with a call side. Missed the hedge to the downside, oh well onto the next.
$JMIA up or down, needs to decide...Going to play a call spread to the upside, $25/$35 1/21/22 for about $0.65...let it sit for a week after earnings. Close out if we fail to the downside.
JMIA TRADE ENTRYThis is the kind of stock that moves in a (cup) formation.
As long as nothing bad happens to the company and the market doesnt crash, I think we can see new high on JMIA.
Stop loss if the stock closes below $15.40 on any given day.
JMIA giant cup & handle with breakout nearly imminentToday's close was just over $50. This is a huge win for the bulls from a technical standpoint. It corrected, and now closed above the all time high of the IPO at $49. For those traders who know what Bollinger bands are, you can see what I see. Also, a potential handle is forming for a giant cup. If the handle forms, I will be trading it accordingly. Thursday, March 18 will be an interesting day.
JMIA MOON COMING.Complex correction should be done and Y Wave ending as Triangle.
Confirmation: 20.64
Invalidation: 17.03
Target: NEW ATH
GOODLUCK!
$JMIAThis baby could run soon too. MACD is curling and weekly chart looks nice.. I'm giving it a couple of weeks until we see much more upside. I'm aiming for 30 before the EOY. Perhaps little pop after earnings 11/16?
$JMIA don't fool me this time...Ok, we are getting there. Just getting back to the price where I starting following. Still plenty of options out there for a play. On watch again...
JMIA- Breakout falling wedge
JMIA - Broke the falling wedge with decent volume.
STOCK RSI --> Started going up
It will touch the upper wedge of the channel.
JMIAPossible triple bottom on JMIA.
Earnings coming up.
Quite risky.
DYOR.
Pt 20/22.
Could go higher if it moves up but those are good profit taking for swings.
JMIA LongTrendline Break
At Support Zone
Entry 20
Stop 16.5
Target 32
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
$JMIA not giving up yet...Still like this on a 2/3 month play...will look for another play a month out
$JMIA - Breakout One of my all time favorites since I played it last year from $8 to $60+. Plus the story behind it is awesome. The AMAZON of AFRICA!!! Whether it becomes that or not is irrelevant. I do like the moves they have made. If Amazon does hit new highs, I could easily see the sympathy plays moving with it. CPNG, MELI, JMIA, and I know there are others that I cannot think of. Will look into more. $22.85 and the $24.5 are resistance and then hopefully support points as she moves higher. Watch out for a reversal though that causes this to close below trendline. If so, its a false breakout. GLL!!
