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Whats next for JMIAShort term = Bearish (31 target) Long term = Bullish (90 target) Hello All! Here with some insight on JMIA, which I am looking forward to owning shares for the long run. But for now, looking at daily it seems that it broke out of a steep rising wedge. Now calculating a target for the wedge, I came out to something like 34ish points move which would bring the stock to sub 15 dollars. Not very reasonable. Now on a weekly, it looks different. What we can see is a tall Cup formation from the time it IPO'ed in Apr'19. I find it to be a more legitimate observation than the "rising wedge" on daily. Now ideally a handle would retrace to about 30-40% of the cup depth which would bring the stock price to a support area of 31ish , if we take the 38.2% Fibonacci retracement level. Now that's more of a reasonable area where the prices would head back up. Long term, if Cup & Handle was confirmed, we can see a target of 90+ say by end of 2021. Share your thoughts! :) NYSE:JMIA
NYSE:JMIA
by BAS55
4
$FRO About to hit the Bullish WaveFirst off, please don't take anything I say seriously or as financial advice. As always this is on opinion basis. That being said, Frontline as an oil tanker transportation company was bearish recently given a decrease in the demand. The demand curve went down given the time period we are in, which means I am positive for a short threshold crossing that can lead to a bullish run. I think overall a long call potential can be there despite many of the sell ratings saying otherwise. You have to keep in mind the current resistance top is likely to drop as this is related to a problem its current market segmentation is facing.
NYSE:FROLong
by gamer456148