HSBC securities trades at $50.18.
We are going to buy it after bell as we have and fundamental both technical arguments to wait for holding $52.45. Thus we have fixed stop lose at the price $49.26. It has just give us our new trading strategy which called Trend Line by Kagor Invest.
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HSBC is now below its 200 EMA
It still has to break 705 though and horizontal resistance will be stronger.
Also it's weekly chart is still in an uptrend.
Wait and see.
HSBC broke through 2 long term trend lines today which might suggest some bullishness going forward. Also worth noting is history has shown that as goes HSBC the FTSE 100 usually follows. I have left any EW wave count off the chart as I am still undecided if this is all part of a long term correction dating from the top in 2001 or part of an impulsive climb that...
HSBC based on technical analysis of stock selection, week macd Jincha, but also heavy volume, so to buy on the approach
Exit mode: day ma20 below and bend down
Currently HSBC is facing a long standing resistance level at 766, this is acted as pivot back in 2008 and 2009 and as resistance in 2013.
Price action is faced with a conundrum, try and break from where it is, already relatively overextended and less oppurtunistic for new entries OR correct (retrace) over the next couple of days or weeks to get some momentum from...
Fundamentally HSBC is confident that their internal investment of process amelioration was a success which wil make the company a lot more efficient with regards to future challanges coming due to the automation revolution.
Investors seem to believe and started buying the stock back. HSBC was always paying a nice dividend and so are they this year.
Conservative...
