Hey everyone! I have a setup for you guys $HSBC HOLDINGS(00005.HK)$
On the H4, with prices breaking out of the descending channel and above the ichimoku indicator, we have have a bullish bias that prices will rise to buy entry at 52.65 where the swing high resistance is. Once there is upside confirmation that prices has broken the entry structure, we would expect bullish momentum to carry prices to take profit at 55.05 where the swing high resistance, 161.8% fibonacci exten...

Hey everyone, I have a setup here $HSBC HOLDINGS(00005.HK)$
On the H4, with prices moving within a descending channel and below the ichimoku indicator, we have a bearish bias that prices will drop from sell entry at 50.30 where the 78.6% fibonacci projection, 61.8% fibonacci retracement and swing high resistance are to the take profit at 47.35 in line with swing low support and 61.8% fibonacci projection. Alternatively, prices could break entry structure and rise to stop lo...

Hey everyone! I have a setup for you guys to look at $HSBC HOLDINGS(00005.HK)$
On the H4, with prices bouncing off the stochastic support, we have a bullish bias that prices will rise from our buy entry at 48.2 where the pullback support is to the take profit at 52.95 in line with swing high resistance. Alternatively, price could break entry structure and drop to stop loss at 46.55 where the swing low support, -27.2% fibonacci expansion and 127.2% fibonacci extension are.
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Hey guys!! I have brought today's setup $HSBC HOLDINGS(00005.HK)$
On the H4, with prices bouncing off the ichimoku support, we have a bullish bias that price will rise to our buy entry at 52.80 where the swing high resistance and 78.6% fibonacci retracement are. Once there is upside confirmation, I would expect bullish momentum to carry price to intermediate resistance at 55.15 where swing high resistance, 100% fibonacci projection and 161.8% fibonacci extension are. Should...

Hey investors!! I have been looking at HSBC and considering a sell trade due to prices being lower than ichimoku indicator with this setup $HSBC HOLDINGS(00005.HK)$.
My sell entry is at 48.65 in line with swing high resistance and hoping that it will drop to 46.70 at my take profit in line with horizontal swing low support and 61.8% Fibonacci projection.
Alternatively, price could break entry structure and move to my stop loss at 49.55 in line with my 61.8% Fibonacci proj...

HSBC annouced a $2bn share buyback and posted at 74% increase in Q3 earnings, making it the lastest global lender to turn bullish on the economic outlook nearly 2 years after the start of the pandemic. Earnings were given a big boost by a $659m release from its reserves for potential bad loans - 85% of which were related to the UK as fears about a wave of company bankruptcies faded and growth rebounded.
- HSBC's situation was completely different a year ago when the naml's provision for bad debts exceeded $8bn at the peak of coronavirus lockdowns eventually pushing down annual profit by 45%
- HSBC's overall third quater pre tax profit jumped to $5.4bn from $3.1bn beating expectations.
- Revenue rose for the first time in 2 years
The recovery of one of the world's global lender means that the world economic outlook might finally be taking a turn for the better. Gradually , the economy is begining to shake off covid fears and business beign to operate normally back to pre-covid days. Hoever the long road to economy recovery is still not fully realised as inflation fears continue to plague the markets worldwide.
$HSBC HOLDINGS(00005.HK)$
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