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dholbrook

JMIA giant cup & handle with breakout nearly imminent

Long
Jumia Technologies AG (NYSE:JMIA)  
dholbrook Updated   
NYSE:JMIA   Jumia Technologies AG
Chart Patterns Technical Indicators
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Today's close was just over $50. This is a huge win for the bulls from a technical standpoint. It corrected, and now closed above the all time high of the IPO at $49. For those traders who know what Bollinger bands are, you can see what I see. Also, a potential handle is forming for a giant cup. If the handle forms, I will be trading it accordingly. Thursday, March 18 will be an interesting day.
Comment:
This consolidation looks familiar to 2020-2021.
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