$JMIA Overbought - Short term Retrace

٣١ يوليو ٢٠٢٠

JMIA Overbought - Short term retrace

Short term bearish - this will need a healthy retrace before heading higher most likely. I'm long term bullish based on the fundamentals.
With the volume seen today, this would be a risky short. I would set a stop just above $16.

Near term target: $12-$13 range

Note: This is not investment advice.