JMIA giant cup & handle with breakout nearly imminent

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, March 18 will be an interesting day.

Yorum:

This consolidation looks familiar to 2020-2021.