In this case, that means thereвЂ™s plenty of potential fuel for a longer-term bullish trade if the technicals start to turn bullish and force analysts to start a Buy recommendation bandwagon. ThereвЂ™s another old Wall Street adage that says, вЂњnothing changes sentiment quite like price.вЂќ Interestingly, though, all analysts that currently cover the stock sit with a hold rating. Headquartered in Berlin, Germany, Jumia Technologies AG provides e-commerce services, offering products that include dresses, leggings, skirts, polo shirts, belts, watches, sunglasses, health products, beauty products and a range of products for children, among others.Д«ased on analysts offering 12-month price targets for JMIA in the last 3 months, the average price target is $23 with a high estimate of $25 and a low estimate of $21. LetвЂ™s take a closer look at some of the key technical developments that also have me wanting to acquire shares for a long-term investment. Once these gaps are filled, they tend to hold, at least initially, which means traders must learn to use these gaps as key levels to set as stopout protection.ДЄt the time I brought this shorter-term swing trade to the attention of my readers, I also noted that вЂњfor $20 I would also like to flat out buy the stock and hold it for a while.вЂќ Remember, thereвЂ™s an old adage on Wall Street that says, вЂњall gaps get filled, eventually.вЂќ The other thing I liked about the trade at the time of entry was the limited downside that existed to the nearest key support level in the area of the 08/23 to 08/24 gap shown on Figure 1 below. My initial thoughts when entering the trade were that gauging upside is really tough on a stock like this, but I would plan to scale out for a profit if JMIA happened to hit $22, and then $24 on the remainder. This past week, I went long 50 of the JMIA $18 calls that expire on Oct 08. Jumia Technologies (JMIA) is at a long-term buy zone Today, I am going to walk you through that setup. While the stock has struggled to rise in my favor, the longer-term technical setup is interesting enough to make me consider buying the shares outright for a multi-month swing trade. Using a rather traditional swing trader mindset, I recently bought calls in a stock that expire on October 8th. Instead, their initial plan is usually to hold for a couple of days to a few weeks. Though, itвЂ™s probably safe to say that itвЂ™s not common for a swing trader to enter a position with the thought that he or she will be holding that position for months to come. As traders, itвЂ™s easy to get comfortable trading in certain time parameters.Дay traders, by definition, are in a position after the opening bell and selling that position before the market closes, while a swing trader tends to have more of an open mind about how long he or she might be in a trade.

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