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Jumia Technologies AG
Long
Updated

I see a potential squeeze coming 👀🚀

3 044
boost and follow for more! thanks 💛

JMIA is break strong trend resistance today but still below its most recent lower high..

Break of that recent lower high/3 dollar round number resistance and I think a quick rally to 3.66-4.48
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snapshot first target hit then the momo died, ah jmia isnt the same stock it use to be. and thats ok!
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snapshot

Round number support level, resistance = support area too.. you want to see a bounce here if your long
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snapshot bulls trying to hold the line. choppy week overall
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snapshot all targets smashed, congrats to JMIA longs. and goodnight to shorts
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snapshot all targets smashed
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snapshot looks like a break over 7 is bound to happen. after that we say hello to 10-20 range in no time
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snapshot 5.5 may be a good dip entry here
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snapshot we have seen this before
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JMIA resistance = support scenario, but like ive said before this is not the same jmia from the last bull market, i dont think it can hit 20-40 again, 7-10 short term is more realistic snapshot
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Chart PatternsTrend Analysis

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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.
Chart PatternsTrend Analysis
Aura_Trades

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.