4JMA trade ideas
$JMIA - Ascending Triangle $JMIA forming an ascending triangle. I’m expecting next week to be very bullish and have a PT of $54-$56 next week.
JMIA closes above 20MA. V-shaped recovery?Greetings All,
JMIA closed above the 20MA, which indicates bullish sentiment. JMIA is also above the 200MA and recently retraced to the 61%, and bounced upward with a long strong candle in a V-shaped recovery - all bullish signs. JMIA has the potential to climb higher, but I’m concerned about the potential for the head and shoulders pattern (bearish), which could form over the next few days. I’ve included the bollinger bands to show that JMIA has the potential to retest $65 in the coming weeks, if not days. The MACD is also bullish, and may crossover in the coming days on the daily. There is also bullish divergence when you compare the price around the 61% retrace, and the MACD/RSI indicators. Therefore, I’m predominately bullish on the stock, but also prudent about its movement.
Strategy
I already own the 3/19 $60C, and may decide to purchase a few 4/16 $55/65 calls.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Exercise your own due diligence.
JMIA, TIME TO BUY?Hello fellow traders and investors, here's another trade idea.
JMIA has recently aggressively pulled back. If JMIA makes a recovery it offers around a 35% ROI.
Technicals:
The Macd indicates that JMIA is oversold
The Macd indicates that JMIA is close to crossing its EMA
JMIA broke the trendline which acted as a resistance
When To Buy:
JMIA is a little bit of a more aggressive play since it usually moves around 5% or more per day so waiting for confirmation might not be the best way to enter since it will most likely be too late to enter so getting in before confirmation might be a viable option if you are comfortable with the extra risk.
More Conservative Option Of When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA
When it breaks through the SMA50.
When To Sell:
I recommend selling at its previous high which offers around a 35% ROI.
Fundamentals: Jumia Technologies engages in the provision of logistic services. JMIA is sitting at around 26 P/S which is overvalued.
I would watch your position size if you decide to take a position since there's a common resistance at around 30$.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow and comment your thoughts.
Thanks.
short term trade, target $49Please note: I'm just sharing my view. its not a recommendation for buying or selling.
Jumia - possbile breakout - finallytook a litte longer.. but the formation looks good and if this week the US Yields stay lover or fall .. good for the stock market... so RSI is low, MACD is turning around... mid of the year could reach the goal of 60
JMIA update bounced perfectly off bottom trendline support. great time to add more to the long positions, im still holding full size from 12/18 with price target of 100++! paytience really pays with this one. dont get lost in the day to day movements
JMIA the path of AMZN, BABA and MELIJMIA has been in a downward spiral for about a month now almost in direct reflection of the markets correction itself. With this being said the amount of day trading and profit taking at this rate can be alarming but for early long term bulls institute investors are looking past this. However I would like to point out and reiterate what other Analyst and financial institutions have already done before its recent run in January.
JMIA is worth $75 at target price for the year with just its infrastructure and logistic supply chain alone. JMIA has continually been innovative and trail blazing in the continent of Africa in E commerce creating delivery methods and solutions for customers where this was not possible before. Logistics and internet accessibility have been a unique issue to Africa that many predecessors have not been able to address or resolve leaving Africa's vast potential in the market untapped. JMIA has recognized this and have made positive exponential strides closing the gap this year between internet access available and the users that operate the app itself. In 2020 Forbes headlined Africa as the next Frontier for the internet with only 4 out of every 10 individuals on the continent having used the web. Currently that's about 39.4 % of the population that number is expected to grow double in the next 10 years which would set the continent at the same pace of internet accessibility as the United States. This growing model is a reflection of the highly sought after E commerce stocks Amazon (AMZN) in North America, Mercadolibre (MELI) in South America and Ali Baba (BABA) in Asia. Now we are witnessing the beginning stages of another true player entering the market. Currently we are at the ground breaking level for Africa and JMIA in this journey to take the leap among E commerce giants and take its seat at the table as a power to be recognized with profitability and stability long term.
JMIA has further deepened their relativity and effectiveness into Africas daily life by creating JumiaPay which is a safe alternative method for a proven pay system that works for all of Africa's daily needs such as Airtime, utility bills, shopping all in one place. This pay system has enabled Jumia to serve customers in parts of the world that for other reasons are often forgotten or overlooked by many retail or e commerce companies that do not have the logistics and supply chain that Jumia possesses in the continent of Africa.
For this reason this company is pushing towards profit with limited resistance and virtually zero debt JMIA has unlimited potential to scale the size of its operations and innovativeness to capitalize on this sector of the world in its industry. Currently (AMZN) trades at $3015 a share with a market cap of 1510.93B (MELI) trades at $1431 a share with a market cap of 71.89B and BABA trades at $229 a share with a market cap of 622B
(JMIA) currently trades at $38 a share with a market cap of only 3.3B this stock is a BUY in my opinion but this is not financial advice and I would look to the latter parts of this year for profits and and further potential upside.
Nice retest of the IPO & bullish rounding topNoticed the nice retest of the IPO price on 17 Apr 2019. I get the feeling a lot of traders overall are spooked, but I loved the shape of today's closing reversal candle. Today (26 Feb) was also on a TD 9 buy on the daily chart, or as some would say, today was a good catch of a falling knife if you like to trade the TD sequential momentum indicator. I also picked up on the bullish rounding top formation.
Measuring the low of $2.15 on 18 Mar 2020 to $49.77 on 17 Apr 2019, that's a 2214.88% difference. We broke the all time high of $49.77 on 22 Jan 2021 with a monster candle breakout. If you just copy the 2214.88% price range, and move it to the $49.77 price, it puts my temporary target at $97.39. That's conservative at only a mere 95.68% rise. But I've read several other traders with their eyes on a $100 target for JMIA. I think it will happen too. The chart today looks like a perfect area to reverse and turn bullish on Monday.
The daily RSI is at 36.37, exactly where it reversed & consolidated in September. The 4 hr RSI is at 32.23. For those who are long, this is the worst place to sell. Volume low also; nobody selling. Even if Monday isn't super bullish, I feel like the worst that can happen next week is we consolidate for a few days at this price range, which only builds up more pressure for a monster breakout.
$JMIA Weak Support Bounce! Can we Breakdown trend?$JMIA Video breakdown! Hope yall had a great monday!
$JMIA At Daily Support! Can we Bounce? Full Technical breakdown on $JMIA ! Hope yall had a great weekend!
Earnings Release. Good Luck!Greetings Investors and Traders,
I'm remain bullish JMIA. Observe the rounding top pattern formation. You can read more about this pattern here: thepatternsite.com
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
$JMIA three drive pattern w structure & 618% I see a three drive pattern w pin bar(spring low)off lower of box structure @ 618% on daily w volume. they may drop it to pink line i marked off $JMIA has given some of my bigger returns pls see last to post for huge returns on $JMIA longs from 20 and 36
JMIA in the right spot?going to watch this today, and if it can put in an inside candle, i’ll set it up... or i’ll miss it
JUMIA tech in an up-trendhello everyone,
Jumia tech is now at the support level, so I predict it will go up now. It also broke the resistance line so I think it will do that again in some time.
Do note, you should not just blindly follow me, I don't want any one of you to lose money.
As always: have a great day!
