AMAZON OF AFRICA --
Got some of this at 3ish a while ago as a buy and forget in anticipation of this turning itself around after the shit show it has had of management with corruption and debt .
Some companies resurrect like a phoenix from the ashes some fade away ! This one has all the makings of a thriller :)
Looking to add to my moon bag at 6.93 i think shall update LTF next.
My assumption is that with the new normal logistics and web based services are going to do well do even if Jumia which has a brilliant structure already in place.
MTNL the Jio of Africa has the biggest stake in it so my guess is we carry on upwards slow and steady .
The real fun begins after 27 where i feel it will pull back to 17 to form the handle on the cup and handle formation then break 27 with virtually 0 resistance above.
By then the world should have returned to normal and am sure Amazon would either buy them out or some big partnership.
Some companies resurrect like a phoenix from the ashes some fade away ! This one has all the makings of a thriller :)
Looking to add to my moon bag at 6.93 i think shall update LTF next.
My assumption is that with the new normal logistics and web based services are going to do well do even if Jumia which has a brilliant structure already in place.
MTNL the Jio of Africa has the biggest stake in it so my guess is we carry on upwards slow and steady .
The real fun begins after 27 where i feel it will pull back to 17 to form the handle on the cup and handle formation then break 27 with virtually 0 resistance above.
By then the world should have returned to normal and am sure Amazon would either buy them out or some big partnership.
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