There is a perfect correlation in the direction of movement of these two stocks, all the way down to 15min charts !
Note
Correlation Coefficient of 0.84 on last 1 year's close price data (Source: Yahoo Finance)Trade closed manually
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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.