I started looking at Jasper Investment when it remained in the top volume for many days. Though it hovered around $0.025-0.035 for quite some time, the volume transacted each day was still significant.
Fundamentally, I must admit i did not do a lot of research but I do know that its earning has increased and the company's plans is blossoming.
There is not much TA to be done as the price is quite stagnant. Thus, when the price dropped to $0.025, I bought 50lots. I intend this purchase to be a short one as I hope and believe it will behave like what it has been behaving for the last 1-2weeks. My target is just $0.03 and my stop loss is $0.02.
I was rather disappointed as even thought the price is at $0.03 some of the days, the sell queue was too hugh and I never got the the start of the queue for each time. But to my relieve, my sell trade was transacted, making me a small profit of $190+. Though this is a small amount, it is a 15% return for 2 weeks of waiting. I have traded a small amount for this stock as I have not gained enough knowledge about this company and was only basing on the volume and the small trading band.
Overall, though I have made a good choice in trading this stock, I will not be doing such trades much as I believe in trading in good quality companies.
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