Aug. 21 at 3:01 PM
$JMIA Today’s chart update.
If we close above
$6.77, we’ll have a confirmed breakout above the 50-day EMA, and the rally should continue to
$7.40 to
$7.67 over the next few days. The 200-day EMA is currently at
$7.57. That will likely act as resistance and trigger profit-taking.
On the downside, the price shouldn’t fall below
$6.50; strong support is at
$6.29.
