I Know First Algorithm Review: BAK, 9.3% Return In 12 Days

I Know First Algorithm Review

On the 29th of December 2014 I Know First algorithm released a bearish signal on both its 1 month and 3 months forecast for BAK. At the same time the price moved below the 5 day simple moving average of the stock’s price, which is a strong position to short on a stock. Below is the original forecast, and the resulting trade which made 9.3% in just 12 days.

i know first algorithm review

Key Numbers and Dates

Buy Recommendation

You would set a short position for this stock on Dec, 30th 2014 according to the I Know  First signal you received that morning of -71.55 and the fact that the stock closed below the 5 day simple moving average on the 29th of December. You would buy the stock at the market opening price of $13.07.

Market Sell Recommendation – 9.3% In 12 Days.

According to the 5 day simple moving average (SMA) you would sell the stock on Jan 12th post market when the price closed above the 5 day SMA at the price of $11.86. The Total return would be 9.3%. In this case the algorithmic exit strategy is the same as the Market Strategy.

Where could I have found this forecast?

BAK belongs to our “Tech Stocks” universe.  On Dec 30th, 2014 the stock’s position on both the 1 Month and 3 Months tables was on the top 5 negative signals, making available to “Top 5 Stock Picks + S$P500” and above subscribers.

What is BAK?

BAK is the stock ticker for Braskem SA, a Brazil-based company primarily engaged in the manufacture of basic petrochemical products. The Company operates in five segments: Basic petrochemicals, Polyolefins, Vinyls, International businesses and Chemical Distribution. The company has seen its stock price decline over 40% in the last year due to the decline in oil prices. Below is the trade we forecast in relation to the last year.