JMIA POTENTIAL BULL FLAGLooking for close above $62 to trigger an entry with a first target of about $72.50 then $88. Stop 57
0A44 trade ideas
How I have a "risk-free" position JMIA on its way to the moon 🚀I'm going to show you how I ended up with a "risk-free" in $JMIA, what I call the "African Amazon".
When I say "risk-free", I mean, whatever I invested, I withdrew, and now, I am playing with "house money".
Say I put in $100, and my investment value goes up to $200.
I sell half, getting my initial capital back, and now, price can do whatever it wants, and I'm at no additional risk.
So for this one, I'll break it down into steps.
1. I bought 3 long-dated call options (i.e LEAPs) for Jumia.
2. A few days later, the option price double in value. I sold 2 of the 3 calls, putting me in a "risk-free" position, with additional profit baked in.
3. I now hold 1 call giving me the option to purchase 100 shares of Jumia at $10.
4. Normally, it would not make sense to exercise an "in the money" option early, but in this case, I wanted to take partial profits at 4x, so I exercised my option. I bought 100 shares of Jumia at $10 (valued at $40), and sold 25. This gave me a profit of (40 - 10) * 25 = $750.
Now I'm holding 75 shares. Let's see if this goes to the moon 🚀.
JMIA - January 31, 2021JMIA operates an ecommerce platform based in Africa, acting as a full service suite for connecting sellers with buyers, a full fledged logistics platform, as well as integrated payment platform. They are not EBITDA profitable but forecast massive growth in the coming years as they are well poised to benefit from globalization and technological developments. JMIA also has a 16% short float and may see a strong push if high short interest stocks continue to pump from WSB. Finally, AMZN reports earnings on Tuesday AMC and JMIA can be a sympathy play to the upside.
Strong Bullish Trend. Target: $98Greetings Investors,
I'm bullish JMIA based on the cup pattern formed on the monthly chart.
Bullish Factors:
1. Bullish price action with strong bullish volume for the past 3 months.
2. Bullish Cup & Handle pattern on the weekly chart.
3. ATH after breaking previous resistance at $49.77
4. JMIA may build and consolidate support around $64, before continuing the uptrend.
5. The stock is approaching the overbought signal on the RSI, but I like the ascending triangle it has formed as well, which I interpret that strong bullish momentum will follow.
6. I anticipate that JMIA will reach $98 by 20 Aug 2021 if the current trend continues.
Strategy
1. Consider the ITM 20 Aug $20C
2. Consider the OTM 20 Aug $100C
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
Buy the dip...$JMIAJumia Technologies, are an e-commerce start-up that operates in several African counties.
I personally think Jumia has a bright future and has the ability to rival Amazon.
The chart shows the area where I have buy orders in the market 🚀
I predict Jumia to reach 110-135 by the end of 2021
As always... this is NOT financial advice
JMIA lets keep lookingthis is moving fast in a short time, good gains in a shorter time
Se mueve rapido, sigamos viendolo para poder entrat otra vez, podemos ver ganancias en periodos cortos
JMIA All time high breakoutAfrica's version of Amazon. huge breakout to close the week expect this one to go higher.
$JMIA - New Upside Targets (Update)Going to keep this one simple - Just updating upside targets for prev chart setup :)
TG1: 59
TG2: 65
TG3: 73
Invalidated under: 49
Leave some feedback below if you have any!
And don't forget to like and follow if you'd like more 👍
$JMIA Jumia Technologies (UPDATE)
It ran up pretty good last week from my (POI) zone. Ran up pretty high too fast which usullly end up coming down a bit so i have my new (POI) zone where i will be opening my position or atleast from the S/R line. Nodoubt it can fly higher.
Trade Safe
Goodluck.
JUMIA: the road to USD100Here is an update of my previous chart for JMIA .
This one has been my best performing trade so far.
JMIA broke out of cup and handleJMIA has huge volume, I think it carries on the rally - tags $65-60 area before heading back to support.
Channel tradeJmia just completed its cup and handle pattern.. reaching channel top (58$).. A trip back to 44$ then the mid 60$
Ecommerce leader in south Africa, a lot of potential aheadNot financial advice, volatile markets, trade at your own risk
A lot of market to conquer
South Africa Population: 60,041,994
Early stage of E commerce
Appear it's time for Jumia might try to test $55The company has tested this before but there is a lot of strength in the RSI and MACD showing there is a push to get past this resistance. I think this might push to $55 if it break past this. It's just my opinion. But we shall see where it its. I'm just giving an idea for entertainment. I'm not providing advice.
JMIA ... CUP and Handle patteran and pocketpivots found on Hfor JMIA , I see CUP and Handle pattern on Hourly chart. Also found ocket pivots for 2 days. (see those cnadles highlighted in yellow color) ... That means volume is increasing , you have CUP and Handle pattern ... once it breaks the resitance line ... It will go up further ...
See the explanation on the chart ... Let me know your comments ...
Warning
This is not finnacial advise ... for trading decissions please do your own research
Jumia Cup and HandleDaily chart.
African e commerce.
Small cup and handle possibly forming on daily.
Short term target 50-55$.
Resistance : ~48$
Could be 80$ by march
