From 2007 the bank has been always in downtrend. With all those fines from different countries and the bad mortgage loans, HSBC is not able to come back up yet. Yes HSBC may do some reverse stock split like CITI GROUP did around 2008-9 but it didn't help them much to boost up the share prices.
Black line a Temporary bounce after hitting the black line but most aggressive manipulators can hold for the below line for max profit. There will be a strong bounce once hits this Red support line but once broke it will go down to $4 or below. Take out profit and go short after few weeks. =============================== At least this is the start of the another...
Just a specualtive idea : but looking at Bank stocks like Citigroup - it looks like many institutional investors were surprised by the sudden drop very early this year. Thus they might take this window of opportunity to drive price back up to at least the previous breakdown level ( just to get breakeven ). Therefore, a rise in Citigroup to approx. 50.00 USD area...
I am seeing bullish ascending/asymmetrical triangles forming on BAC and C, and rising wedges on WFC and JPM's hourly charts. Predicting positive reactions to economic data and interest rates in the upcoming weeks.
Citigroup is an upside channel and the stock reacted positively on the news that there might be an interest hike in June 2016 by the Fed as this might improve their operational margins
using bounce in Citigroup today 5/10/16 to scale in on Cheap puts
Pattern is confirmed, now I am waiting for pullback to advancing neckline area around 44 to enter long position. There is enough room to 52.
CNBC has loved to refer the recent pullback in the SPX as the "Dimon Bottom" because CEO Jamie Dimon purchased roughly $26 million worth of JPM shares. However, it's not looking for those wanting to hold to believe in the recovery dream. Whether investors want to believe it or not, the U.S. economic cycle is rolling over; and, considering the very high...
Looks like our favorite investment bank may be have even more of a down swing in store. This head and shoulders pattern looks pretty well defined. The current candle however is sitting on a support level around 170 but if that is breached then 150-152 may be in store. as the next stop.
If C manages to break out of the inverted head and shoulders, i see the following possible long targets: T1 May-Jul: 60 T2 May-Dec: 80 A close on or above 54.80 is a confirmation of a break out. Price below 53.31 would require reevaluating the situation.
The Citigroup Inc (NYSE:C) Daily Diagram Technical Analysis Training shows the following: The C share has made long term consolidations between $46 and $49.5. The weekly diagram shows bullish trend and the monthly is neutral. So the first think in mind is the case of daily local top at 49.50 again. So we will see if it is a strong long term resistance. MACD...
AS PREVIOUSLY STATED THIS IS ANOTHER BIOTECH THAT WILL CHANGE THE OSTEOARTHRITIS MARKET HOWEVER UNTIL ABOUT AN HOUR AGO THIS WAS SOMETHING THAT COULD NOT BE FOUND AS SIMPLY AS THIS LINK us.rd.yahoo.com . ALL INVESTORS SHOULD POSITION INTO THIS IT HAS A TENDENCY TO TRADE TO 10 FROM 7 BUT IN THIS CASE THE PRICE TARGETS RANGE FROM 15-18-21 21 BEING THE BIGGEST...