Sunday Prep 6/27 - A break over $34 will trigger long plays

JMIA STRONG STOCKS LOOKING FOR CONTINUATION
From Sunday Prep Jun 27, 2021 prepared by TrueTrader pro RickyAnalog
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There is a very strategic reason for having this name on here. If you look at the TIGR chart (especially the weekly), you’ll see that it has already made the long setup that I anticipated TIGR could do. We need to break over $34 to really trigger the setup, and at that point I would still want to see pullbacks to support to get long. But I like this chart for an overall swing long.

The weekly chart shows the only thing I DON’T like about this setup

That is the weekly 20sma looming just overhead. But, like I said; I would want this to trigger and then offer better prices later. So that really takes that worry out of the equation. Also, the weekly ALSO shows something that I REALLY love about this chart: Where this pullback came back to. You can clearly see how important this level has been.