Jumia Technologies (JMIA) is one of our five core long-term Buy and Hold Stocks. It traded as high as $70 on February 10th before "correcting" to a low of $31.42 on March 5th. That's about a 50% decline in less than one month. The flip side of that volatility is that the $70 all time high represented a 10X increase from the September 2020 lift-off low of $7.00. No, we did not buy it there (my bad) but we did buy it at $30 at the end of November. This is a long winded way to say volatility is spreading to even long-term picks, so this Buy Signal is full of risk, but just as full of reward. Intermediate Term Buy Signal Pending: JMIA on a close > $48.50 Option: Apr 16th $50C (5.70-5.85) Note: This is an intermediate term option trading signal, independent of the long-term buy and hold advice.
