HBC1 trade ideas
HSBC Long - Found a bottom Looking at current economical Outlooks , parred with sentiment. I believe there is a strong support line found by many Banks on the charts. Things can fall through further but in the case that we see economic stimulus and ideas on sentiment improving generally like they have been in the past 2 weeks. Then a return to pre corona levels is highly likely by November 2020 this year. Further upwards is dependent on global growth being reignited going into H2 of 2020.
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This is my opinion , please do DD , RM and monitor ongoing levels of outlook.
This is not financial Advice.
HSBC Triple Bottom Dating back to 1996 $XLF $HSBC $Bank $JPM
Why HSBC?
HSBC Triple Bottom Dating back to 1996, they got a lot of cash on their books too so fundamentally, they are worth around $26/share.
although they had shady practices n the past, if you want to pick a bank for long term investing, this is good value overall.
Entry $23 area
stoploss $20.90
1st target $24.4
2nd target $26
3rd target $32
What is Hsbc?
HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products, such as current and savings accounts, mortgages and personal loans, credit cards, debit cards, and domestic and international payment services, as well as wealth management services, including insurance and investment products, global asset management services, and financial planning services.
TRADE IDEA: HSBC SEPTEMBER/JULY 20/27 LONG CALL DIAGONALI've done quite a few of these recently in the sell-off. Here's one that hasn't recovered a ton ... .
Metrics:
Max Loss on Setup: $550
Max Profit on Setup: $150 (27.3% ROC)
Break Even: 25.50 versus 25.75 spot
Debit Paid/Spread Width Ratio: 78.6%
Notes: You know the drill. Manage these like a covered call, rolling the short call out on approaching worthless and, if necessary, down, but not past your cost basis/break even.
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.
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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