Jumia Technologies AG Sponsored ADR
Long
Updated

$JMIA Falling Wedge?

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JMIA The so called AMZN of Africa reports earnings on the 11th. I have no idea what to expect but it's a market in it's infancy. This stock is also in a "Falling Wedge" pattern that often times resolves to the upside. All TBD. This might be a good one to put on your watch list. I would not touch this until after earnings. Ideas, not investing / trading advice.

From earningswhispers.com

Jumia Technologies Ag ADR (JMIA) Recent Earnings

Jumia Technologies Ag ADR (JMIA) reported a 4th Quarter December 2020 loss of $0.67 per share on revenue of $49.8 million. on revenue of $49.5 million.
Order cancelled
JMIA Revenue is down 24% YOY... so much for being the AMZN of Africa. This idea is no longer valid. maybe something to watch next year, LOL

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