As you see on the chart we have a buy idea because we can see the spring effect on the vwap indicator and the support line.Big probability of an uptrend.Thanks.
I see the banking sector as still problematic, especially if the loan defaults of 2007/2008 should repeat themselves.
Consumer credit card debt is currently at a new high with an interest rate of around 20.4% in the US (see links attached below).
If the rate doesn't slowly go down, I'd wager that the system will collapse again as unemployment rises. But this is...
The PEAD projected a Bearish outlook for $HSBC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
HSBA daily bullish hammer beginning B correction or wave 2 downtrend.
Order BUY HSBA LSE Stop 486.30 LMT 486.30 will be automatically canceled at 20221231 18:00:00 EST
Falling Wedge structure using the peaks and troughs of price
The middle dashed line is the strongest trend line (down)
A small bullflag can also be seen forming at the bottom of this falling wedge
Will a trend change be the result?
Weekly timeframe
#HSBA – Bullish symmetrical triangle/ascending wedge, breakout has begun, will it hold?
The stock goes ex-div tomorrow (18th Aug), if the P holds strong by close tomorrow... expect this to continue upwards in this inflationary env
HSBC (5.HK) finished its triangle pattern and it's a greater chance to move upward. It is notable that its peers remain weak. As HSBC is the market leader with more than 50% market share, its single stock will be the leader, rather than the group (Hang Seng, Bank of East Asia, Dah Sing Bank, Public Bank Hong Kong)
#HSBA – Bullish symmetrical triangle/ascending wedge nearly complete, breakout beginning
Great inflation hedge with rates rising, low P/E, div payments, Strong cash flow.
Analysts have this above 600 by the end of the year, even in this tough economic climate
HSBA poised for breakout of ascending triangle. Great risk to reward set up with stop just below 5.20. First profit target 6. Sell half and move stop to break even. Second half of trade risk free with target of 6.68.
The PEAD projected a Bearish outlook for $HSBC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.435%.
Disclaimer: This asset is not for new traders or those who don't tolerate ULTRA HIGH risks. I don't recommend this trade (also I don't recommend any other trade). This is just my market view on the current moment. It could be TOTALLY WRONG. If my view changes in the future I am not obligated to update this idea or publish a new one.
The PEAD projected a Bearish outlook for $HSBC after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 80%.
