$JMIA Swing Trade Idea

Actualizado
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.
Nota
Sold my puts once we broke under $25 today.
Operación cerrada: objetivo alcanzado
Trend Analysis

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