HBC2 trade ideas
HSBC potential reversal!
HSBC expected to rise up to 1st resistance at 38.99 where it could potentially react off and drop down to 1st support at 35.48.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
HSBA trending downwards, currently holding supportJust throwing some lines on HSBC (HSBA) .
We have a broadening channel, higher highs and lower lows on a 20 year timeframe.
Currently in a downward trend on the monthly, just about holding historical support.
This would probably be a good place to exit if we are expecting a market downturn.
"These formations are relatively rare during normal market conditions over the long-term" - Investopedia
HSBC (HK Entity) One of the two largest financial players in HK, and most certainly a derivative trade of the larger macroeconomic story. Keep this chart handy near-term.
HSBC reversed from resistance, potential drop!
HSBC reversed off its resistance at 42.01 where it could potentially drop further to 41.16.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
HSBC Bullish For Stock Market ReboundHSBC is trading this month in congruence with the current global stock market pullback by offering a time-relative discount in share prices.
HSBC target $43 for a 5.4% difference from the current quote of $40.78. The S&P 500 is off 7.5% from doubly tested but not yet broken all time highs which renders this parallel HSBC trade idea as conservative and defensive. The duration for this trade is 1-3 months.
HSBC Approaching Resistance, Potential Reversal! HSBC is approaching its resistance where a reversal could occur.
HSBC Reversed Off Resistance, Potential Drop!HSBC reversed off its resistance where we could see a further drop to its support.
Divergence with RSI vs OBVThere is a low OBV with a growing RSI.
HSBC is also reaching a resistance.
HSBC Approaching Resistance, Potential Reversal! HSBC is approaching its resistance where a reversal could occur.
HSBC Reversed Off Resistance, Potential Drop!HSBC reversed off its resistance where we could see a further drop to its support.
HSBC Approaching Resistance, Potential Reversal! HSBC is approaching its resistance where a reversal could occur.
HSBC Approaching Support, Potential Bounce!HSBC is approaching support where a potential bounce to its resistance could occur.
HSBC Approaching Support, Potential Bounce!HSBC is approaching its support at 40.33 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 41.19.
Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.
HSBC Approaching Resistance, Potential Reversal!HSBC is approaching its resistance at 42.68 (61.8% Fibonacci extension , 78.6% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 41.54.
Stochastic (89, 5, 3) is approaching resistance as well.
shorter term trade and possible longer term direction of stockShorter term, the black horizontal lines represent support and resistance. The strategy I would suggest is to wait to see if it rebounds off of the top black resistance line then drops to the below support line and trade if it continues to rise off of it.
Longer term the scallops drawn in green on the chart seem to suggest a newer downwards curve and its valleys also suggest a decreasing curve, therefore longer term I would predict the price is heading downwards. Although the current congestion may suggest a change in trend which may oppose relevance of the scallops.
HSBC Testing Resistance, Potential Reversal!HSBC is testing its resistance where a reversal could occur. Stochastic is approaching its resistance as well where a corresponding reversal could occur.
HSBC Approaching Resistance, Potential Reversal!HSBC is approaching resistance where a reversal could occur.
Stochastic is approaching resistance as well.
HSBC Approaching Resistance, Potential Reversal!HSBC is approaching its resistance at 42.27 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 40.07 (horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
HSBC Bounced Off its Support, Potential Rise!HSBC bounced nicely off its support at 40.07 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 41.94 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) has bounced off its support ascending support line.
