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Is JMIA showing downside potential? Fell Below 20 Day Moving Average shows up after slipping 4.96%
JMIA closed down 4.96% on Thursday, July 16th, with volume running 0.8× below average. Multiple bearish signals emerged — Fell Below 20 DMA and MACD Bearish Signal Line Cross — suggesting potential weakness ahead. Key support levels exist at 6.3, 6.09 & 5.8, with resistance at 6.8, 7.09 & 7.3.
Current SwingTradeBot Technical Rating of JMIA: F
Just a sneak peek — check SwingTradeBot.com for the full story on JMIA.
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