Daily Chart
Support – 431.10, 420.80, 413.92
Resistance – 447.20 (50-DMA), 462.90, 468 (100-DMA)
Repeated failure at 200-DMA in second half of April followed by a break below 50-DMA yesterday indicates bears are on control and the prices could drop to 430-420 levels in days ahead.
Daily RSI, at 42.00, is pointing lower and indicates room for...
HSBC MUST bounce of the 37.86 Lows to pull them selves out of this technical & fundamental hole, but after doing a quick Google search, hsbc's future doesn't look promising. As a technical trader i try to over look the fundamental BS which in my opinion it's only role is to off set the market. For that reason alone & it's current technical level Im looking to...
The HSBC Holdings (HSBC) weekly chart shows the following signs:
HSBC from the year of 2009 makes a bottom schema of downtrend reversal in an ascending triangle. Technicaly MACD and RSI gave a bullish sign recently. I think that the time of showing the real new trend is near in this summer. If the price overcomes KUMO and the $54.08 it will be the first positive...
Index Arbitrage Forecast: FTSE100 will outperform HSBC
Supporting Strategies: Cointegration, Correlation and Technical
Analysis Pattern : Elliott Wave 5
The trade should be opposite to the "gap". HSBC has performed better than FTSE100, in order to close the gap FTSE will now perform better in the next 131 days.
Targets and notes on charts
