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JPFA: Buy at 1,545 on 3 January 2020

  • Date: 3 January 2020
  • Country: Indonesia
  • Stock: JPFA
  • Action: Buy
  • Price: 1,545

Assumption

I bought this stock with assumption it will go up shortly because the price was near the support in the past 3 month.

Moreover, when I think of the competitor CPIN its price was already high. Betting on that would be very risky. That’s why I prefer JPFA over CPIN. Here is CPIN graph looks like.

Reality

Update 7 January 2020: The price was closed at 1,665.

Based on this, my assumption was right. The price is eventually rising up.

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