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
Catatan
first target hit then the momo died, ah jmia isnt the same stock it use to be. and thats ok!
Catatan
Round number support level, resistance = support area too.. you want to see a bounce here if your long
Catatan
bulls trying to hold the line. choppy week overall
Catatan
all targets smashed, congrats to JMIA longs. and goodnight to shorts
Catatan
all targets smashed
Catatan
looks like a break over 7 is bound to happen. after that we say hello to 10-20 range in no time
Catatan
5.5 may be a good dip entry here
Catatan
we have seen this before
Catatan
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
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