Get started
MozzaB

Short HSBA at multidiagonal confluence

Short
HSBC HOLDINGS PLC ORD USD0.50 (LSE:HSBA)  
MozzaB  
LSE:HSBA   HSBC HOLDINGS PLC ORD USD0.50
short shortsetup equites banking
2
0
short shortsetup equites banking
A short set up is nicely appearing here at this long term multidiagonal. Expect a big move downward here.

Also, this corroborates with my short views on the FTSE, as HSBC amounts for (currently) 7.3% of thw weighting of the FTSE 100.

Related Ideas

MozzaB
Short FTSE 100 for a major correction
MozzaB about UKX 5
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.