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$JMIA Swing Trade Idea
Jumia Technologies AG
Short
$JMIA Swing Trade Idea
By s_m_s
Follow
Follow
Updated
Dec 2, 2020
2
Cheer
Cheer
Dec 1, 2020
JMIA had an offering a few days ago and has since been tumbling.
Looking at the volume profile, most of the volume accumulation and POC is around $20 and below.
There's not enough volume in the 20s to prop up current prices, looks juicy for a trade to the downside.
If JMIA breaks under 28, should gap down through the volume profile gap in the 25-27 area.
Dec 2, 2020
Comment
Sold my puts once we broke under $25 today.
Dec 2, 2020
Trade closed: target reached
Trend Analysis
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