Unum Capital: Offshore Trade Ideas

Unum Capital: Offshore Trade Ideas

1. Twitter Inc: Medium term momentum run possible for this counter. Key resistance levels breached: downward trend lines as well as the 50/21/8 MA’s. In addition the share is also regaining it’s 200-day moving average. Equity portfolio idea. Time frame: 2-6 months. Stop-loss: $30.50. Take Profit Target: $41.00. Current: ~$34.72.

Chart:

https://www.tradingview.com/x/z0ZI01Ho/

2. Baidu Inc. Stay long. Share previously recommended at $160. Last close of $181.55. If it pulls back to below 175, go long for take profit target of $197 (200-day MA) using a stop-loss of $164.    

Chart:

https://www.tradingview.com/x/Xo0Fr84V/

3. Activision Blizzard: Share down from $84 in October to $40 recently. Over the first quarter of 2019, a base has been built and the share is now regaining it’s 20-day and 50-day exponential moving averages. Gaming remains an attractive sector and I am looking for the share to make a medium term recovery. Buy stop: $48.50. Stop-loss: $43.00. Take Profit Target: $65.00. Time Frame: Medium Term: 2-6 months.

Chart:

https://www.tradingview.com/x/92Zv9zQA/

4. Long iShares Mexico ETF / Short iShares Brazil ETF: This is a pairs trade idea which is essentially buying the EWW ETF (Mexico) and selling the EWZ ETF (Brazil) at current levels. Buy at 1.09. Stop-loss: 0.98. Take Profit Target of 1.32. Alternatively, buy the put options on the EWZ ETF or call option on the EWW ETF as a single trades.  

Chart:

https://www.tradingview.com/x/UL1K4HKZ/

5. Long AT&T / Short Verizon (Pairs trade): This is a pairs trade idea which is essentially buying AT&T and selling Verizon at current levels. Buy at 0.55. Stop-loss: 0.50. Take Profit Target of 0.66.       

Chart:

https://www.tradingview.com/x/h4y7GEz1/

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