Here's a bigger picture
White lines are channel lines on the daily
Yellow lines act as the trend line and support jmia has been riding since Nov
As you can see the area it's been trading in since Feb 1st has been a tight range which matches up with what's showing on the chart with the white channel resistance and the yellow channel support . Jmia should be making a big move in the coming days.
short entry would be 58$ / Stop loss at 60$
Long entry 75$/ stop loss at 70$
MFI is in overbought territory
Volume is dropping
MacD is verging Bearish
Let's see
White lines are channel lines on the daily
Yellow lines act as the trend line and support jmia has been riding since Nov
As you can see the area it's been trading in since Feb 1st has been a tight range which matches up with what's showing on the chart with the white channel resistance and the yellow channel support . Jmia should be making a big move in the coming days.
short entry would be 58$ / Stop loss at 60$
Long entry 75$/ stop loss at 70$
MFI is in overbought territory
Volume is dropping
MacD is verging Bearish
Let's see
