Jumia Technologies AG
Long
Updated

JMIA on watch

461
Long above box. Had a really nice close today near ATH. Targets are the ATH and then the fib extension above. Risk is a close below box.
Note
Here's the look pre-market. Might be easier to wait for the 41.40 break at the ATH. This upper trend line might be resistance. Need to get above it for full break.
snapshot
Note
Hit T1 and dropped. I always plays limit orders in advance to capture these quick moves. Some times that's all you get so its best to capture some profits. Once a stock hits T1 I often move my stops up to reduce risk. In this case my stop is still below the box.
Note
Broke the ATH. Blue skies to first extension.
Note
Going sideways.. Stop below 38 now.

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