Jumia Technologies AG

JMIA Swing trade

159
Reasoning:
  • Strong Industry/Sector
  • Cup with a handle


If Labelled a Swing trade(2-6 Week Holds)
  • Entry: Full position on breakout
  • Profit Taking: Sell 1/3 at Goal 1
  • Final Exit: Remainder at Goal 2


If labelled a long term trade (3-12 Month Holds)
  • Entry: Full position on breakout
  • Profit Taking: Sell 1/4 to 1/5 at Goal 1
  • Exit Signal: Close below 20-day EMA (your trend guide) or 50EMA
  • Why: Strong moves are hard to time at the top, but the 20EMA acts as a reliable trend filter


Note:
  • Remember: Every long-term investment alert can also be played as a swing trade.
  • I normally use half the risk that I show here, this is because I am okay re-entering if it fails and it gives a better R/R ratio

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