HSBC trade ideas
HSBA looks bullishLSE:HSBA
Love the stock, I'm bullish on financials across multiple exchanges; JSE, ASX, NYSE
HSBC is approaching support, potential bounce Prices are approaching support where we could see a bounce above this level, Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
HSBC might see trendline breakout, more upside ! HSBC might see trendline breakout, more upside ! Strong signals to buy if price could break this trendline, a higher high could be expected from here!
A trading system for rookiesThere are many trading systems but most of them are very complicated for the novice trader.
The 30d/200d SMA trading system is simple, easy to comprehend and gives few and reliable signals without many false signals.
The trader has to draw the daily diagram of the stock. Next they have to install three simple moving averages of prices, the 30d SMA, the 200d SMA
and optionally the 9d SMA (to track the price formations).
Price movement below 200d SMA most of the times signals the change of the stock’s long term trend to declining and this is the reason we must never buy
a stock below 200d SMA. Correspondingly, price movement below 30d SMA most of the times signals the change of the stock’s midterm trend to declining and
this is the reason why a new trader must never buy a stock below 30d SMA.
Following these two rules, a new trader can avoid getting trapped in a declining trend that can diminish their capital.
New traders are unaware of the risk of holding a stock with a downward trend. They are carried away by the excitement and hope of its prices returning to
the levels they bought it and do not sell it. So, when they now have a loss of 70-90% in the capital they invested, they are seized by panic and sell the share
at humiliating levels, losing their money. This is also the main reason that the 90-90-90 rule applies, i.e. 90% of new traders lose 90% of their capital within 90 days.
The second important reason is that they follow the very short-term trend of the share that gives repeatedly false entry/exit signals, so they do too many
transactions that lead them to big losses. Only very experienced traders can successfully track the short-term trend of a share (minutes, hours). My opinion
is that a new trader should follow the 30d/ 200d SMA trading system, which applies in the daily stock diagram, and leads them to a small number of transactions
with minimum risk. In fact, this system, if firmly followed, may lead them to big gains.
Later when a rookie trader gets experience, they can use the same trading system for shorter timeframes i.e. in stock diagrams of 1 hour, 30 minutes,
15 minutes and so on, timeframes.
A complete list of guidelines for the novice trader is presented next. I am sure that following these guidelines, a novice trader can beat the 90-90-90 rule.
HSBC Bank (UK) Share ( HSBA ) Potential Long Opportunity05 January 21
Watch for Potential Long Opportunity on
HSBC @ Weekly Demand Zone .
With a Stop Below the Low on the chart.
LSE:HSBA
HSBC touching upper band of BB ! HSBC is touching the upper band of BB! With bearish trendline, price is still faced with bearish pressure. A touch with the upper band with squeezed BB channel often predicts a sharper drop!
HSBC is giving us a better buy entry !BY pulling back to its key graphical overlap support, HSBC is giving us a better buy entry as it is riding the upward trend!
SHORT IN HSBC.-SHORT IN HSBC.-
Stop Loss = 20.42 / 20.36
Target 1 = 17.74 / 17/94
Then, let Profits run and stop running.
Successes !!!
HSBC CallCall option on HSBC Bank with strike price $22 @ $0.35 for December 18th, 2020.
Oversold, wave due for a small few uptick, with a possible large gap.
005.hk downward channelWith high volume, but still can't break thorough the mid line of the downward channel.
HSBCOverall opinion is to SELL ..
A lot of confluence technical factors :
200 ema price down , trendline in place and price has closed consistently below
37.87 ( Engulfing Bar) and formed a critical Swing High /rejected and closed below 38.48.
We are currently trading below the crucial 52day low 19.70 , so cautiously looking for a stable level of support to BUY, complimented by key fundamentals.
Also consecutive drops in revenue over the last few quarters.
HSBC - Long with Bullish Divergence signal on RSI, MOMHSBC - Long with Bullish Divergence signal on RSI, MOM on Daily & Weekly timeframe.
Cut loss when the price down over $20.
Disclaimer
