Famous short seller Jim Chanos let people think in the last interview that he shorted some banks which are overexposed in China. The bank had hired for about 400 client-facing roles for its mainland digital wealth planning venture and will have about 700 personal wealth planners on the ground by the end of 2021. Looking at the puts today and the 22usd strike...
Maybe there is nothing to it but you bounce off the 200MA 3 times and your out! Off the cliff you go!
Europe'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 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.
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.