Idea whereby going Long ABG and simultaneously going short SBK. Market neutral trading strategy.
A conflux of technical indicators supporting a bullish bias (ABG to outperform SBK)
Crossing above its 50-day simple moving average.
Testing its 200-day simple moving average.
MACD bullish crossover - first of such a signal in the last 28 days.
Bullish parabolic SAR trend.
Bullish Heikin-Ashi trend.
Time to exit: +/- 11 September 2019, with the option to extend the time to exit.
A conflux of technical indicators supporting a bullish bias (ABG to outperform SBK)
Crossing above its 50-day simple moving average.
Testing its 200-day simple moving average.
MACD bullish crossover - first of such a signal in the last 28 days.
Bullish parabolic SAR trend.
Bullish Heikin-Ashi trend.
Time to exit: +/- 11 September 2019, with the option to extend the time to exit.
Trade closed: target reached