One of the two largest financial players in HK, and most certainly a derivative trade of the larger macroeconomic story. Keep this chart handy near-term.
We have failed head and shoulder bottom pattern with a successful breakout of a parallel horizontal channel. So we have the tps listed below. good luck.
HSBC reversed off its resistance at 42.01 where it could potentially drop further to 41.16. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
HSBC is trading this month in congruence with the current global stock market pullback by offering a time-relative discount in share prices. HSBC target $43 for a 5.4% difference from the current quote of $40.78. The S&P 500 is off 7.5% from doubly tested but not yet broken all time highs which renders this parallel HSBC trade idea as conservative and defensive....
There is a low OBV with a growing RSI. HSBC is also reaching a resistance.
Little Gap at 32 Just in case of difficult brexit deal or 2nd referemdum
HSBC bounced off its support at 36.98 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 46.16 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) has bounced off its support at 2.4% where a corresponding rise could occur.
UK banks outperformed the benchmark for UK shares during the rout in global stock markets that began in October. UK bank share prices are down over the past two months, but by less than the FTSE 100 index. Positive expectations for stress test results have played a role in limiting the damage to UK bank shares.
Hello Traders, HSBC has been in a large consolidation since the Financial Crisis of 2008. Based on my model, this is still 60% probability that 25.21 will be hit before this Multi-Year Consolidation is over. There have been two sell signals both pointing to the same target of 25.21 from my model, therefore, this chart is worthy of a share.
HSBC based on technical analysis of stock selection, week macd Jincha, but also heavy volume, so to buy on the approach Exit mode: day ma20 below and bend down
HSBC is ready for a correction or a drop. Trade at your own risk!
There is no advise to enter long position now. too soon to enter short position, just looking
This chart is the London share, in GBP. One of the least exposed of the big banks to 2008 problems, although suffered badly on fines. Neverthless, there is plenty of upside.
Another look at the Hbsc. Last short was successful. There is a probable short once again as projected.
I found one of those classic old timer. Could happen as projected.
The banking sector has been hit by Trumps latest resurgence in the polls, but the UK banks received a slight boost after a UK court ruled that MP's will have a say on when and how article 50 will be invoked, increasing hopes of a soft Brexit. The weekly chart has printed a bearish candle signal but on the daily chart prices look overstretched. on the D1 chart...