Explosive move coming in JMIA - Amazon of Africa

Expecting a sharp reversal off this level. Watch a move toward the 11s

Trade closed: target reached

Sold 80% @ 11.50 and trailing the remainder with a stop at 11.15.

Hope some of you killed it on this. It wasn't a very big position for me but a nice gain in two days.

Note

I may have looked smart when publishing this and taking profit, but boy do I feel stupid now. Another one for the lesson books.

Breaking out again:

Note

Decent spot for long term holders if you like the name.
200 day moving average + structure

Note

Could be a major bottom here:

Short term still a very difficult environment so should probably think 12 months - several years out

Lanmar

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Lanmar