Valuation is high above $4
$Jumia Technologies (JMIA.US)$ Be careful with this momentum play. Valuation is not supporting this stock above $4. My chart and experices is indicate that this is going to be highly volatile and will touch $3 by Q3. The next support is far $2.4, so it's better to look into some other best options available in the market. No long or short or investent at this level for me.
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Greetings! As an avid investor, I actively manage a diverse portfolio spanning the dynamic landscapes of the stockmarket
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Salmon Klein : how to estimate fair price based on valuation? i was interested on this stock but hard for me.to judge
Sikander KHAN OP Salmon Klein : Dear, it's not too complicated but also not too easy. As far as this stock fair value is concerned, then any price below 4 is okay, but I shall wait and will buy between $2.6 to 3.
Salmon Klein Sikander KHAN OP : what an answer hahaha (don't misunderstanding me please) but I would like to be able to estimate a good entry price for any stock in future. how you estimate it based on valuation or whatever? or entries are just based on support levels?
Sikander KHAN OP : Great! dear support is one to a good way to decide entry, but what support and which level? There will be more than one support. Moreover, support doesn't reflect the true value of any stocks, especially stock in momentum, like this one! Anyways, thank you for your comments! Happy investment!!!
Entry with support strategy is best for investing in Index, but not for individual stocks....in my views.