JMIA 2-4 Week Horizon
Price is trading at 21ema area and seems to be holding. Stochastics is at an oversold level ready for a bullish move. Price seems to be about ending wave 4 and by theory should reverse around the 38.2% Fibonacci level. As long as 54.15 support holds we could see a move up in price and a possible wave 5.
MACD lines pointing down and histogram shows strong red momentum. Price could range around buy zone for a bit, but as long as support holds, we should be good.
Disclaimer
I am not a registered investment professional. These are just my opinion and not an investment advise or recommendation. For entertainment purposes only.
Price is trading at 21ema area and seems to be holding. Stochastics is at an oversold level ready for a bullish move. Price seems to be about ending wave 4 and by theory should reverse around the 38.2% Fibonacci level. As long as 54.15 support holds we could see a move up in price and a possible wave 5.
MACD lines pointing down and histogram shows strong red momentum. Price could range around buy zone for a bit, but as long as support holds, we should be good.
Disclaimer
I am not a registered investment professional. These are just my opinion and not an investment advise or recommendation. For entertainment purposes only.