Market Neutral/Pairs Trade Idea: Long SHP/Short WHL

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