Hi traders, this is my take on JMIA, I have no knowledge about fundamentals on this one, at all...
Always do your own DD.
The break to now ATH is very key here, and I believe we need to see a setback before we can move higher, I'm suggesting 50% retracement as the low, but with the prior movements, we can easily see this retracement end quick, either not as low or lower, I'd be careful around those fib. levels.
Now much more to say about this, I suppose we'll see this play out rather quickly.
Have a good day.
Always do your own DD.
The break to now ATH is very key here, and I believe we need to see a setback before we can move higher, I'm suggesting 50% retracement as the low, but with the prior movements, we can easily see this retracement end quick, either not as low or lower, I'd be careful around those fib. levels.
Now much more to say about this, I suppose we'll see this play out rather quickly.
Have a good day.