Tag: AEV
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Documentation of May 12 trade
Sold AEV at P49.90 for a loss of approximately 1.40%. Bought ALI at 29.65 TP @ P32.50. Rationale is the high value traded of P400+ million and high accuracy rate of 98+% Comments: Algorithm is designed to capture trader’s behavior and external information such as news of new president sitting should already be captured by…
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Trade for May 12, 2022
Amended target price for AEV from P52.80 to P51.65. Rationale: Volume trade for AEV is volatile For future improvement: To trade companies not less than P150M of value traded
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Trade for May 6, 2022
Failed to buy ALI at P32. Placed off-market BUY order @ P50.60 with TP of P52.80 Rationale: Entry price is 98% of recent close as forecasted price is higher than actual based on backtesting. Value trade of P100 million and accuracy of above 95% is a good indicator that forecast may follow through.