4JMA trade ideas
JMIA Elliott wave projectionAnalysis is based on Elliott wave projection and heads and shoulders.
Long term it could surpass 86.
Refer to libre mercado for comparison
Clear head and shouldersClear Head and Shoulders pattern formed on the daily chart of JMIA
Price broke the neckline and probably we wil see al retest, and then will continue the downtrend.
DMI indicates that bears are in control and the trend (downtrend) is likely to continue.
MACD continues to be negative with the fast MA below the slow MA.
Fundamentally, the company continues to be unprofitable and has not had much growth in the last 4 years.
This is my position:
Short @ 30.01
SL @ 33.67
TP @ 19.27
Do your own DD!
long JMIAGo long JMIA, breaking out after a 3-month long sell-off/correction, looks ready to rip even further with a bullish MACD cross and pattern in stochastic RSI showing strength like it did before the previous bull run
$JMIA can rise in the next daysContextual immersion trading strategy idea.
Jumia Technologies AG operates an e-commerce platform in Africa, Portugal, Germany, and the United Arab Emirates.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $28.99;
stop-loss — $27.05.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Dragonfly Doji Consolidation on 20 MA JMIA UPTREND, 1hr chart, Considering that companies like $AMZN and $MELI have been able to establish themselves on the continents of N and S America, respectively, $JMIA appears to be a possible LONG position opportunity.
JUMIA tries to establish itself across the continent of Africa, which has grown its infrastructure and economies significantly over the past decades due to due to technological advancements and overall standard of living
Although conflict and corruption toils the countries' economies, I will keep a close watch on JUMIA because projects like ]]Elon Musk's SKYLINK satellites could exponentially allow JUMIA to facilitate E-Commerce growth African countries, a goal and business model it shares with aforementioned companies.
JMIA last Earnings Report was positively surprising. The company has been able to reduce its losses by (1/3) $10 Million Year to Year. Looking at its ER, take into account JUMIA's efforts to expand infrastructure for its business.
JMIA bouncing off the 20 dMAJMIA is bouncing nicely off the 20 day MA. A couple weeks ago, it pulled back to 18 where it bounced hard back into the low 20s. Last couple of days it rode the 20 dMA back down to form a nice bull flag. I am looking for it to head straight toward 44 before the next bull flag.
JMIA - Amazing SetupHello everyone,
I hope you are all doing well!
In this analysis, we have broke out of the huge descending wedge.
Jumia got hit hard by the recent bear market and it is turning bullish with amazing setup. Combine bullmarket with a pattern, and the fact that institutions and traders are buying massivly as indicated by the huge jump in the profited shares of 70%. This would indicate that this price is a true GEM.
Have an amazing day!
Breakout is confirmed. But is it a False breakout ?Finally, a breakout from the zone. Let's see wether it is a False breakout or not.
Jumia - breakout - similar patterns are right now in many technology shares to find.. could be the end of the consolidation since februar...
JMIA Daily analysisPossible HOLD now. Unusual options activity today. Needs to clear that top trendline and get some volume behind it.
JMIA | 21/4/2021Triple Bullish Divergence on 4H & D
Hidden Bullish Divergence on W if pivot here
Falling Wedge Pattern
Horizontal Support From Jul-19
0.618 Fib Retracement from ATH
Bullish Engulfing Candle on D
JMIA | 7/05/2021Previous Trade hit stop loss, but the new low created another bullish divergence .
4x bullish divergence on 4h and d
Potential hidden bullish divergence on W
Backtest of falling wedge
Horizontal support from high of august 2020
PCS of bullish gartley
JMIA LOOKS GREAT FOR LONG TERM BUY!If my TA correct then we might see it going towards $300 and above!
GOODLUCK!
$JMIA Falling Wedge?$JMIA The so called $AMZN of Africa reports earnings on the 11th. I have no idea what to expect but it's a market in it's infancy. This stock is also in a "Falling Wedge" pattern that often times resolves to the upside. All TBD. This might be a good one to put on your watch list. I would not touch this until after earnings. Ideas, not investing / trading advice.
From earningswhispers.com
Jumia Technologies Ag ADR (JMIA) Recent Earnings
Jumia Technologies Ag ADR (JMIA) reported a 4th Quarter December 2020 loss of $0.67 per share on revenue of $49.8 million. on revenue of $49.5 million.
