On a relative basis, it appears as if consumer discretionary is being sold off while consumer staples are being bid (see 24/05 pair long VOD/short TFG). Third wave theme still relevant?
I continue to favour Shoprite (SHP) and we could pair that with a short on Woolworths (WHL).
On this basis, we employ a market neutral strategy.
Trade Levels:
Current (Ratio: 3.00)
Entry Range: 2.97-3.03
Stop: 2.85
Target Range: 3.24-3.28
I continue to favour Shoprite (SHP) and we could pair that with a short on Woolworths (WHL).
On this basis, we employ a market neutral strategy.
Trade Levels:
Current (Ratio: 3.00)
Entry Range: 2.97-3.03
Stop: 2.85
Target Range: 3.24-3.28