Quick Win by the Algorithm

On January 10, 2016, the I Know First algorithm had predicted a bullish forecast for GOL Aéreas Inteligentes S.A (GOL). GOL had a signal of 42.91 and a predictability of 0.39. In accordance with the algorithm, the company reported long-position capital gains of 288.81% experiencing a quick win by the algorithm.

GOL Linhas Aéreas Inteligentes S.A., through its subsidiaries, provides regular and non-regular air transportation services for passengers, cargoes, and mailbags in South America and the Caribbean.

GOL has been recently praised for its efficient operating performance. According to Infraero, a Brazilian government corporation specialised in airports administration, 94.77% of the flights of the company departed on the scheduled time in 2016. This implies more customer satisfaction and thus increase their preference and loyalty towards the company. It also reinforces the leading position of GOL in Brazil regarding on-time performance.

In October 2016, an agreement with Emirates Airlines permitted the company to be the first airline of South America to offer Wifi in its plane. The satellite communication enables the customer to browse for free on the Internet. The company announced all its float will be equipped by October 2018.

This bullish forecast on GOL was sent to current I Know First subscribers on January 10, 2016. 

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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