Short, target 41.27Following weekly chart.
I got short signals from my 2 indicators.
TP1 41.27
TP2 Purple line, EMA100.
SL - A bit high but technically 44.92 is the stop point.
Hsbcshort
HSBC Bearish OptionsFamous 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 prices for 2021-10-15, i think that is the direction we are heading to!
HSBC touching upper band of BB ! HSBC is touching the upper band of BB! With bearish trendline, price is still faced with bearish pressure. A touch with the upper band with squeezed BB channel often predicts a sharper drop!
