HSBC is oversold, divergence pattern on daily chart + doji candle.
I expect drop to 50EMA - 480. If BoE decides to rise the rates tomorro - we will test 200EMA
What a start to ’22, financials are the smart play here, if you were in back in Nov when I last posted, you are up nearly 40%! #HSBC will continue to go from strength to strength in coming weeks
Hedge against inflation and rate hikes
Great fundamentals – ERs coming soon look set for beating proj
Dividends – Ex-date Feb 22nd, payments March – funds all piling in...
BIG Dividends
Soaring financial product demand in Asia
P/E 7.9 for 2020, just 5.6 for 2022 = cheap stock
Huge cash flow – profit £5.3bln last q
Should be 460 in next few months
Great play for Q4 as inflation/stagflation takes hold
#inflationstock #stagflationstock
Hong Kong Shanghai Bank Corporation HSBC
With the DTCC new ruling that all banks must have 1 trillion. Enough to survive a sever recession. HSBC is one of several banks pleading that this rule doesn't go into effect. We can also include the mighty hedge fund Citadel with this plea. Let's include this one of many banks that are involved in someway with the...
Famous 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...
This has to be considered as a trading idea. If Evergrande should fail, HSBC is one of the main holders of the securities, between January and July, HSBC added 40% more in Evergrande bond shares, but total portfolio exposure is down to 1.22%. Are we really sure that there will be no contagion on financial groups?
Prices are approaching support where we could see a bounce above this level, Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
There are many trading systems but most of them are very complicated for the novice trader.
The 30d/200d SMA trading system is simple, easy to comprehend and gives few and reliable signals without many false signals.
The trader has to draw the daily diagram of the stock. Next they have to install three simple moving averages of prices, the 30d SMA, the 200d...
