$JMIA - RC -
Added 2023-07-11 11:22:17 +0000 UTCSo far $JMIA has broken out of this trend and wedge has gone above its 200 Day MA now.
Wave 3 bounced exactly to the 1.618 Fib and then pulled back to complete Wave 4.
Wave 5 should continue higher and we always set Wave 5 to the 2 Fib.....a lot of stocks are getting squeezed lately so do not be surprised to see the same happen here too and Wave 5 goes long and extended.
This should get its ABC corrective wave next before going higher again.
