Jumia Technologies AG Sponsored ADR
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$JMIA Jumia Tech C&H Bullish Pattern

2 661
As we suggested on our previous post , investors should be aware of the possibility
of a pullback before breaking to new highs, which would result in the formation of a C&H bullish pattern.
The selling may have stalled for 2 reasons.
The correction hit the Fibonacci Golden pocket.
The stock hit a perfect 1-2-1 Fibonacci extension.
Reversal Targets
$36.27 Daily candle resistance
$39.26 20ma and candle resistance
Nota
snapshot
Nota
Potential, sorry about lazy drawing

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