BABA/BIDU, pair trading opportunity!

Pair trading strategy: Both are Chinese Tech companies with positive correlation
Ratio has dropped to late 2018 level.

Long BABA
Short BIDU

I'm expecting ratio to go back to 1.5 or even higher!

Not

Yesterday, the ratio increased by 5.6% with both stocks fell.

Not

Gap up with another 3% jump...if the yellow zone can be penetrated, more room is ahead

Not

soared by 13% plus yesterday ..

Not

Another 9%+ today as of now. It's coming closer to my target of 1.5

Not

Bidu tumbled again after the massive sell from a hedge fund which has been forced to liquidate its positions.

İşlem elle kapatılmış

As the massive sell seems to be over, we can close the position

JICPT

plan your trade and trade your plan

Aynı zamanda::

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

JICPT

plan your trade and trade your plan

Aynı zamanda::