As per my research note published on Sunday evening, I believe that this market neutral (pair) trade remains applicable at this stage.
The pair considers a Long FSR position against a Short SBK position. A successful pair trade can be realized 1 of 3 ways: (1) The long position rises while the short position falls. (2) The long position rises faster than the short position rises. (3) The short position falls faster than the long position falls.
Entry: Current levels (0.3767) or better
Stop: 0.3610
Target: 0.3950
Also note the attached short/sell idea on SBK remains valid.
The pair considers a Long FSR position against a Short SBK position. A successful pair trade can be realized 1 of 3 ways: (1) The long position rises while the short position falls. (2) The long position rises faster than the short position rises. (3) The short position falls faster than the long position falls.
Entry: Current levels (0.3767) or better
Stop: 0.3610
Target: 0.3950
Also note the attached short/sell idea on SBK remains valid.
