Let me share the technical analysis of $JMIA (Jumia Technologies AG) because a lot of you are interested in this stock.
So how is it going on?
It had a big up after March 2020 Covid till 20$. However, the uncertainty pushed the price down to 7$ but stochastic showed a different way. Slowly climbed and crawled itself but the price didn't move. Till something happened!
7th of October reached the support trendline and breakout occurred from the downtrend and sideways. Mercilessly moved to the all-time high. 10th of February was the day it reached the highest and also started to struggle.
After it stepped out from 2-3 downtrend lines touching the main support uptrend line again. IF that will hold the limit is the sky!
Invest NF is still Bullish on JUMIA
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