We should see a retest of the support level. What makes this a more desirable trade for be is the trend line is a nice confluence.
Quick trade easy 30 pips. We love sniper set ups
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...
Chart Legend:
A,B,C,D,E = Elliot correction wave
Horizontal Black line = Support/Resistance
Blue Trendline = Current/Major Trendline
Yellow Trendline = Possible Trendline if this occurs
Analysis:
Major trendline= Up
As we can see in this chart, I measured the patterns and they have a deviation of ~5%, in all ups and downs, so I projected the next move.
In...
