Jumia Technologies

$JMIA

Volatile name, JMIA 0.00%↑ (nicknamed the Amazon of Africa) looks to be rounding out a base near levels from August ‘22. It was up there a few weeks ago, has retraced, but current sits above AVWAPS from that pivot high in early June and the gap up range that occurred with the company’s earnings report in May. There’s all sorts of potential with this one, both up and down, but using those AVWAPs to manage risk provides a trade idea here. I’m currently long this name with a stop out level near $7.40.