FORM 2007 THE BANK SHARE PRICE IS GOING DOWN. Even though as per economist claiming US and global market has strong outlook but the HSBC bank didn't bounce anywhere near there. They may do some reverse split or government bailout (if any) but over the long run the stock price is saying that it will be ready to file bankruptcy by 2022 and onwards. The only hope...
From 2007 the bank has been always in downtrend. With all those fines from different countries and the bad mortgage loans, HSBC is not able to come back up yet. Yes HSBC may do some reverse stock split like CITI GROUP did around 2008-9 but it didn't help them much to boost up the share prices.
Well looks like HSBC is hovering 2009 financial crisis. Time has come to short them again to go to zero or so. Red line will act as resistance line. Time to re-enter.
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...
1. Relative Strength Analysis: HSBC has underperformed both the SPY and XLF (Financial Sector) over the last YTD, 6 and 12 month periods.
2. "Break of the Ice", now expecting a re-test of that level (49.00-50.50) level
3. Entry - no entry yet, looking for an entry in the 47.50 - 49.00 range
4. Stop - close above previous swing high at 50.08
5. Target - general...
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...
