Jumia $JMIA (-2,09%) has corrected from € 10 to € 6. What scares many people is what I call a healthy correction. The overheated rise is over and the basis for the next run is in place.
Why I am buying now:
Healthy dip: A setback to €6 is completely normal from a technical perspective after the rally.
Growth market: Africa remains the e-commerce giant of tomorrow. Jumia has the leverage.
Price target: As soon as the €10 mark falls, the way is clear for €20 to €30.
If you take a long-term view, take advantage of this volatility. If you only wait for green candles, you will later buy at a high price again.
My plan: expand the position at € 6 and keep your feet still.
Jumia $JMIA (-2,09%) is the Amazon $AMZN (+5,23%) of Africa - with the difference that you still have the chance to get in today, as you did with Amazon in the early 2000s, before the market reaches its full dominance. 💎💎💎💎
