JUMIA TECHNOLOGIES JMIA - THE NEXT AMAZON OF AFRICA BUY NOW?

In this video we will go over the next Big E-Commerce company that is beating Amazon to the punch in Africa. Everything you need to know about buying JUMIA TECHNOLOGIES JMIA we will go over it here - Enjoy! Add me on Instagram: Drmbardi
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Here we go:

Could this be the Next Amazon of Africa? Today, we take a deep dive into this African e-commerce giant, Jumia Technologies stock (NYSE: JMIA). Is it the next Amazon stock?? Should you buy Jumia stock now??

Jumia only serves African country territories. They are outdoing Amazon and Alibaba in this region and generating more money as well. This company has a huge future. They are the next big E-Commerce in this region and I think they will do very well in the next coming month. They have already beat earnings and can do it again.

This is a great opportunity to buy this while it is still super cheap. Buying this under $8 is an absolute steal all the way up to $9. There us a huge opportunity to double your money here. From $8 we can see this go anywhere to $11 to almost $14-15 this month. Earnings is coming up in November 11 and it is going to be continuously moving on an uptrend.

I definitely DO NOT recommend playing this stock through earnings. It is a really high risk move to make. If you want to play through earnings I would suggest selling 50-75% of your shares and let the remainder 25% run. Now, I am personally going to sell ALL of my shares before earnings because to me it is too much of a high risk and I am happy to take my profits where it will be at than run the risk of this going down again after earnings like it did last time.

Resources:
1. https://group.jumia.com/
2. https://www.jumia.co.ke/

Make sure to always do your own research before making any final decisions on buying any stock.

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