Pulling the trigger(s) revisited
In January we published an article that used China Petroleum & Chemical Corporation, aka Sinopec, (SNP) and PetroChina Company Limited (PTR) as a case study. That pair has evolved like this:
It continues to be profitable. The back test below used the ‘Z range & direction” strategy that can be downloaded from the Take the Trial page in the ‘Sample Strategies file:
Finally, to update the figures in that January article, the last recorded trade went like this:
Sell SNP @ $101.99 on 29 November. Closed 26 April @ $105.14
Buy PTR @ $123.79 on 29 November. Closed 26 April @ $148.47
