JUMIA has a big shock after its IPO, which rocketed and plunged after that.
Now the price stops dropping and begins to consolidate near 10.
We don't know whether it starts to bottom up, but if the price break out this zone and pull back, then the bottom will be conformed.
So if you are a radical trader, you can buy some now and set the SL below 10 .
If you are a conservative trader, buy at the pullback after breakout.
Entry: about 10
SL: below 10
TP: 18 and further more
Now the price stops dropping and begins to consolidate near 10.
We don't know whether it starts to bottom up, but if the price break out this zone and pull back, then the bottom will be conformed.
So if you are a radical trader, you can buy some now and set the SL below 10 .
If you are a conservative trader, buy at the pullback after breakout.
Entry: about 10
SL: below 10
TP: 18 and further more
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What a bad subject!