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!
Ratio has dropped to late 2018 level.
Long BABA
Short BIDU
I'm expecting ratio to go back to 1.5 or even higher!
Note
Yesterday, the ratio increased by 5.6% with both stocks fell.Note
Gap up with another 3% jump...if the yellow zone can be penetrated, more room is aheadNote
soared by 13% plus yesterday ..Note
Another 9%+ today as of now. It's coming closer to my target of 1.5Note
Bidu tumbled again after the massive sell from a hedge fund which has been forced to liquidate its positions. Trade closed manually
As the massive sell seems to be over, we can close the position
plan your trade and trade your plan
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
plan your trade and trade your plan
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.