$JMIA C&H On The Weekly

Jumia shares have formed a massive C&H pattern. It is my current belief that the 50% retracement will act as support here and we will see a breakout of this handle in the upcoming months. Also note that today's candle touched to the anchored VWAP from the IPO, which is another bullish sign. Like always, watch out for a break to these levels as a bearish indication. Good Luck!