BABA/BIDU, pair trading opportunity!

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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!

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ملاحظة

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

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ملاحظة

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

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ملاحظة

soared by 13% plus yesterday ..

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ملاحظة

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

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ملاحظة

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

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تم إغلاق الصفقة يدويًا

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