HSBC Holdings, monthly timeframe: 24 years old(!) support level + Side of Bollinger Bands + Oversold
Looking at current economical Outlooks , parred with sentiment. I believe there is a strong support line found by many Banks on the charts. Things can fall through further but in the case that we see economic stimulus and ideas on sentiment improving generally like they have been in the past 2 weeks. Then a return to pre corona levels is highly likely by November...
Why HSBC? HSBC Triple Bottom Dating back to 1996, they got a lot of cash on their books too so fundamentally, they are worth around $26/share. although they had shady practices n the past, if you want to pick a bank for long term investing, this is good value overall. Entry $23 area stoploss $20.90 1st target $24.4 2nd target $26 3rd target $32 What is...
I've done quite a few of these recently in the sell-off. Here's one that hasn't recovered a ton ... . Metrics: Max Loss on Setup: $550 Max Profit on Setup: $150 (27.3% ROC) Break Even: 25.50 versus 25.75 spot Debit Paid/Spread Width Ratio: 78.6% Notes: You know the drill. Manage these like a covered call, rolling the short call out on approaching worthless...
No position yet. Watching to see if this could break out from 39. If so, I would say there is a big opportunity for longing the bank.
Market looks like it is near ready for bull run, consider stocking up, I call this buy. Trade at your own risk.. Checkout previous chart from last year predicting bear move and targets;
Hope I am wrong. Hsbc will reach 35 hkd for some days.
Maybe there is nothing to it but you bounce off the 200MA 3 times and your out! Off the cliff you go!
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...
For HSBC (HSBA.L) 390/400 seem to be good support (accumulation zone)
the news aren't good but technically some people may just wanna buy this just to trade it within the range
The price bounced several times from Mirror Level 39.72. This is a good example of how to use levels for making money. Dear followers, the best "Thank you" will be your likes and comments! Before to trade my ideas make your own analysis. Thanks for your support!
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.