JMIA trade ideas
JMIA potential breakoutTMO bottoming with green. Price holding at resistance (1.0 fib). Cup formation (set to view all years)
024. PIGGISH PLAY - Short Jumia Group (JMIA)Sincerely, please short this company.
If you've already heard of Jumia, then you probably don't need to read any of this - just know that it is a technical sell at the moment.
If you haven't heard of Jumia, then you're in for a treat. This ticker has been pumped by bulls and bears alike, sporting the title of "Amazon of Africa." Let me tell you, it is not. In fact, I've put together a Top-6 list of reasons why one should not hold this stock.
Ready?
1) It is not the Amazon of any continent; I would say that at best, it could pass for being the Stamps.com of certain small Caribbean municipalities. Maybe.
2) It's so very far from being profitable, let alone beating top-line estimates. See any financial report throughout its public existence.
3) There is a constant buzz surrounding the soundness of its financial statements. What I mean is that at least some people are spreading the rumor of fraud, which is almost worse than actual fraud. Definitely worse than declaring bankruptcy (Hertz, cough).
4) Wouldn't be shocked to see them declare bankruptcy by 2022.
5) The business model is predicated on the increased consumerism of African nations. Consumerism is an American-only kinda thing. Like, America can do this because it owns the global reserve currency. Africa may or may not increase its consumer-like tendencies at some point, but probably not during this pandemic. Or within the next 5 years hereafter.
6) The technical setup is such that there is very little room to the upside without making a new high. Since the downtrend is clearly impulsive and the uptrend is clearly corrective, the bias toward the next leg down is overwhelmingly probable at this juncture. If it makes a new high, just hold the short/puts because we're going to see a very common "irregular/expanded flat" correction which will end up overshooting to the downside in no time - should a new high be made.
Essentially, the only way you will lose here is if you buy puts that expire too soon. Hence, don't do that.
PIGGISH SPECS:
EQUITY: May be on the "hard to borrow list," which will make it difficult to locate shares that can be shorted without incurring a steep borrowing fee. This play is far more suited for Options anyway, but if you insist on shorting this the old-fashioned way, then take a look at the STOP-ENTRY-PROFIT-ZONE region on the right-hand side.
*The only bit of advice I'd offer is to exit any short immediately if/when the stop is hit because you'll get called pretty quickly on this stock during a shortened week. The key is to maintain a short position for as long as humanely possible.
OPTIONS: Before doing anything, read the *asterisk directly above here in the Equity section. While it doesn't affect you in the same way, if you end up buying contracts that expire too soon, you will want to roll them over ASAP if the stop gets triggered early in the week. Same reasoning as above.
STRIKE: { $37 - $39 }
EXPIRATION: February 19th, 2021
REASONING: The contracts are pricey because nobody is sane enough to write these without getting a serious premium. Luckily, 37 - 39 strikes are just as probable as 40+ and are therefore the optimal deal for this particular expiration. There isn't a better combination of moneyness, gamma upside, vega upside and theta decay.
JMIA, I wish you good luck in the coming months. Many things are not-so-subtely screaming that you will need it.
i.e. even the Motley Fool is publically bearish.
- African Swine
NYSE:JMIA
TVC:SPX
CURRENCYCOM:US500
TVC:NDX
TVC:DJI
Jumia buy 39.30-60 Second decline in to scd band on 4hr after strong run up.
On 5 min engulfing candle. Buy 39.50
If it will drop more down i will look for another buy configuration.
As long as it’s stay in scd band on 4hr
Beginning wave two retracement before megawave 3?Hi traders, this is my take on JMIA, I have no knowledge about fundamentals on this one, at all...
Always do your own DD.
The break to now ATH is very key here, and I believe we need to see a setback before we can move higher, I'm suggesting 50% retracement as the low, but with the prior movements, we can easily see this retracement end quick, either not as low or lower, I'd be careful around those fib. levels.
Now much more to say about this, I suppose we'll see this play out rather quickly.
Have a good day.
Retest of 40ish zone needed for any price higherNeed to retest the resistance, turned support to validate a higher PT >50
Blue Horseshoe loves JMIAOK, here is my monday trade, I will try to get the best entry possible in premarket or during the first hour.
SL @ 41.60
Ideal entry: 41.90-41.75
Trade developement
TP1 (50%) @50
Move STP @ 42.5
TP2 (25%) @ 60
Move STP @ 43.65
The remaining 25% sticks to the portfolio for a long while.
Blue Horseshoe loves JMIAHoly Mackerel, monday it's a great buy @ market, I should have piled up at 41.90 gosh
It was a great gap closure day with no volumes, next stop 60
JMIA: Breakout of the resistance level.Breakout of the resistance level. Growth in area 57 is possible.
JMIA BreakoutsJMIA keeps forming these wedges and breaks through, has strong momentum and overall an amazing company, keep on watch!
$JMIA 12/21-12/22 Update! Find New Highs or Retest Old Ones?Video Breakdown on $JMIA going into 12/22. Full TA
JMIA retest previous high, Long SwingExpect JMIA to go back and test the previous resistance/support, just like BLNK for long swing position further OTM Jan Feb, sizing as needed.
$JMIA 12/18 Breakout! Pre Power Hour Breakdown!$JMIA Breakdown Before power hour! WE are BANKING YES!
JMIA: ON ITS WAY TO 64?Chart update ()
If we close above 42 we can consider a move to 64.
Trade safe!
$JMIA - Bullish Exploration of New ATHFalling Wedge breakout trade closed ($33-$40).
Now looking for exploration beyond ATH.
Depth of retracement (38.2% or ~$35) gives me an extended target of the 61.8% extension (~$51.50).
TG1 on breakout: $46
TG2: $51.75
Invalidated: <$37
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