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,...
Noticed the nice retest of the IPO price on 17 Apr 2019. I get the feeling a lot of traders overall are spooked, but I loved the shape of today's closing reversal candle. Today (26 Feb) was also on a TD 9 buy on the daily chart, or as some would say, today was a good catch of a falling knife if you like to trade the TD sequential momentum indicator. I also picked...
I like how AMD stock traded on the weekly chart from 2018-2020. I think JMIA is moving faster than AMD at this time, and so I charted my direction for JMIA basing how AMD traded on the weekly chart from around April 2018 - 2020. I'm glad to see that $15-16 gap was filled. I knew it was a matter of time. It would not surprise me to see the price pullback a little...
Firstly, I hate wedges, because they are like symmetric triangles that can be stretched and adjusted forever. But here is one way to draw it; 4 touches on the top and 3 on the bottom with an apex around $7.28 on 9/2. Just happens to be the bottom of a purple channel I also drew. If it gets that low, the RSI might get lower than 30 on the daily chart. Bears could...
