NYSE:HSBC   HSBC HOLDINGS PLC
Overall opinion is to SELL ..
A lot of confluence technical factors :
200 ema price down , trendline in place and price has closed consistently below
37.87 ( Engulfing Bar) and formed a critical Swing High /rejected and closed below 38.48.
We are currently trading below the crucial 52day low 19.70 , so cautiously looking for a stable level of support to BUY, complimented by key fundamentals.
Also consecutive drops in revenue over the last few quarters.
Comment: A week after and we still on the down-trend /sell -off. Waiting for a strong area of demand to buy and hold for half the correction.

Comments

pretty much agree this things keep pulling down always loser lows I thought 20 would be the strong support but that just broke ,
+1 Reply
It's a throwunder of an ending diagonal.

You watch, it will bounce by 100% at least now that it's made a new low.

It's also oversold on the RSI on all timeframes.

BUY
Reply
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