Short Term Idea - Recent IPOs vs Tech Titans
Potential short term pairs trade. The following is a ratio/relative chart an equally weighted basket of (UBER+LYFT+PINS+WORK) vs (FB+AMZN+NFLX+GOOGL)
Technicals:
- base breakout
- 8/21 EMA cleared
- Previously a bearish regime, now a bullish regime developing as per the RSI (see upper panel)
Long the first group vs Short the second group on a relative basis.
Technicals:
- base breakout
- 8/21 EMA cleared
- Previously a bearish regime, now a bullish regime developing as per the RSI (see upper panel)
Long the first group vs Short the second group on a relative basis.