HSBC NEAR READY FOR BULL RUN?Market looks like it is near ready for bull run, consider stocking up, I call this buy.
Trade at your own risk..
Checkout previous chart from last year predicting bear move and targets;
HSBC
HSBC Pushing Upwards...HSBC is the best bank stock to buy and hold right now. Note the hold element in that statement. Take security in the support level mapped out @ 20.50. This is very likely to hold, but we could be in for some consolidation here. It's very likely that HSBC will hit the target in the 'entry price'. From there, we have two scenarios.
One is that it lifts off from that target due to the local support within the range charted. If this happens, then we can expect HSB to hit our target with very little effort.
The second scenario is that it consolidates and goes slightly below our entry, before potentially falling through/holding that level and sitting tight for a week or two. We need sufficient volume in this situation and we should be looking to get a safe entry at all costs. Whilst the volatility is residing, we can take a technical outlook and chart onwards from there. For now, however, I think the idea presented works perfectly in conjunction with what the chart says to us here. I would expect this target to be hit by the 1st June at the latest, but as early as next Tuesday.
In gold we trust, is it safe?Here's a look at gold as a short term play, and as a long term investment. Looking at the ETFs and trusts. And a little chat about physical.
HSBC Holdings is near the Mirror Level!The price bounced several times from Mirror Level 39.72.
This is a good example of how to use levels for making money.
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HSBC Bank and RBS Groups on Launching New Digital Banking PlatfoRecently, British banking big names HSBC and RBS indicated they have launched new digital banking platforms.
The launch happened after a competition for digitally savvy customers steps up in the face of a wave of online startups.
Last Monday, HSBC has also rolled out a new app-based business banking service. This service was previously known as “Project Iceberg.”
Currently, it is now labeled as “HSBC Kinetic.”
Meanwhile, RBS is placing the finishing touches to its latest digital bank called Bo ahead of a public roll-out later this month.
Moreover, Bo has already arranged a public launch this month from offices in London’s West End.
The Bo app is to urge customers to have a financial plan and save better. This plan will also alert if you have made some overspending.
There is a target of 16.8 million Britons with less than 100 pounds ($128) of savings.
Prospects of Leaner Banking Platform
HSBC looking bearishEurope's largest lender HSBC says pre-tax profits dropped 18% year over year and abandoned a profitability target as Hong Kong's protests and the U.S.-China trade war took their toll
Technicals are not looking good too.
55.76 - 55.15 range is the next price target.
HSBC potential reversal!
HSBC expected to rise up to 1st resistance at 38.99 where it could potentially react off and drop down to 1st support at 35.48.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Buy & Sell Scenario on HSBCSell and Buy scenario from MN chart to H4 chart. The price is near the crises level, bullish divergence at the same time.
PS: It's just my vision. Make your own actions!
Have a great day!
HSBA trending downwards, currently holding supportJust throwing some lines on HSBC (HSBA) .
We have a broadening channel, higher highs and lower lows on a 20 year timeframe.
Currently in a downward trend on the monthly, just about holding historical support.
This would probably be a good place to exit if we are expecting a market downturn.
"These formations are relatively rare during normal market conditions over the long-term" - Investopedia
HSBC (HK Entity) 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.
Guess what?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 from resistance, potential drop!
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 Bullish For Stock Market ReboundHSBC 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. The duration for this trade is 1-3 months.
Divergence with RSI vs OBVThere is a low OBV with a growing RSI.
HSBC is also reaching a resistance.
HSBC Bounced Off Support, Potential Further Rise!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 outperform FTSE 100 before stress test resultsUK 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.
$HSBC | Multi-Year Consolidation | Targeting Near 10-Year LowHello 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 selectionHSBC 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 WatchingThere is no advise to enter long position now. too soon to enter short position, just looking
