Jumia Technologies (JMIA)

[gcmbrokers]

Daily RSI at 70 a bit toppy, but weekly is 45, so there is room for more. Short-covering could be the gasoline on this fire, and a solid Q report would be a one-two punch. As the world economy builds out, profit-seekers will exploit Africa and create the infrastructure necessary for a company like Jumia to succeed. Cheap real-estate and a lot of consumers.


A bearish signal reversed is a bullish P&F signal that suddenly occurs after a series of lower lows and lower highs. First, a P&F downtrend needs to be present on the chart. Note that X-Columns represent rising prices and O-Columns represent falling prices.