JMIA Swing trade

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

vssebuyungo

Software Engineer at Google | Get my trade ideas straight to your inbox.
👉 profitpunch.org

Aynı zamanda::

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

vssebuyungo

Software Engineer at Google | Get my trade ideas straight to your inbox.
👉 profitpunch.org

Aynı zamanda::