The reasons are:
Wish you a profitable trading week!
Dias
- Ascending wedge pattern on 2H + descending volume (left window)
- Double top pattern on 1H + descending volume (right window)
- POC is below $20 per share
- Chaikin Money Flow index is descending on both of the charts
- Put option alert is triggered by Benzinga
JMIA (NYSE:JMIA), we notice a put option sweep that happens to be bullish, expiring in 8 day(s) on December 18, 2020. A trader bought 326 contract(s) at a $35.00 strike. This particular put needed to be split into 8 different trades to become filled. The trader or institution spent $83.6K on this trade with a price of $255.0 per contract. There were 3560 open contracts at this strike prior to today, and today 1335 contract(s) were bought and sold.
- Analysts rating:
Date Research Firm Action Current Target
8/13/20 Stifel Maintains Hold 12.0
8/13/20 Morgan Stanley Maintains Equal-Weight 11.5
5/14/20 Stifel Downgrades BuyHold 4.5
Wish you a profitable trading week!
Dias
