With an RSI of 37 JMIA is ver over sold. The price bounced nicely off the 200 MA and the MACD is starting to curl up. Additionally the current price is well under the YTD POC line which is at $37.21. Price closed above the .38 fib level after testing the .5 level and the 9ema.
This looks very bullish and it appears to be a low risk entry point. I will be watching for JMIA to hold the 200 MA as support and will start accumulating at this level.
Targets: $35.86. $41.23, $50
This looks very bullish and it appears to be a low risk entry point. I will be watching for JMIA to hold the 200 MA as support and will start accumulating at this level.
Targets: $35.86. $41.23, $50
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.