SCB | Wave Projection | ABC Target Bullish Pennant +22%Price action and chart pattern trading:
> The price during last few weeks squeezed just under EMA200D with a series of bullish candlestick pattern
> A possible ABC uptrend wave with bullish pennant pattern target +22% at TP3 1.618 fibonanci extension.
> Support @ S1 -7% and S2 -10% downside
> Risk reward ratio: 2:1
> MACD squeezed momentum under the baseline
Always trade with affordable risk and respect your stoploss
SCB
SCB is a strong uptrend and could continue with a Bull
SCB is relatively stronger than SET with very low retracement level, it could has continue with another bull wave
the plan is to buy when the price Break at the Yellow line (126.50) and stop loss at the Red line (124.50)
its first target price is at the Blue line (138.50) sell 1/2 of the amount, the rest keep riding with the EMA10 or EMA20 depends on your preference.
SCBTC Latest Technical AnalysisWe are doing Analysis of SCBTC on 1 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
HSBC TO FILE BANKRUPTCY BY 2022FORM 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 investors for now has is that as long as it holds above $28-$25 it will act as a resistance line (BLAKC LINE). But then after that it will be a free fall. to near zero. Trading price in last days may be between $.30--$.80 cents on the dollar. Now as it is hitting the red RESISTANCE LINE SO GOOD TIME GO SHORT. Stock short ban may come into play in future but then you can do it by options too for now till they ban the options too :)
DEUTCHE BANKS NEAR TO FILE BANKRUPTCY by 2019DEUTCHE BANK DIDN'T BOUNCE MUCH AFTER 2007 CRISIS. It may do some reverse spilt like CITIBANK IN 2008-9 to prop up the share price and may some government bailout but in long term it will suffer a lot. All the hedge fund managers are piling up short position and share price may tumble below $4 soon. Upper limit resistance is around $20 for any upside bounce. The red resistance line shows that there is a strong possibility that by 2018/19 it will be ready to file Bankruptcy. Time has come to short the Bank if you have any grudges against it. But policy makers may ban shorting stock, but then you can do it by LEAP options but then they may ban that too :) So beware of your greed. Global economy is all time high but theses banks goanna fall one by one even before the next financial crisis hits the market.
Standard Chartered Bank (SCB) PLC near filing bankruptcyStandard Chartered Bank (SCB) PLC near filing bankruptcy
SCB could not hold the 2009 financial crisis low and made a all time new low. And barely surviving. Time has come to remove account from the bank as it will trade below $3 or even lower for sure in coming months. I used to work there and was one of my fav bank, but looks like time has come to an end...soon....