Thoughts on HSBC?

2022-08-10

Hey everyone! I have a setup for you guys $HSBC HOLDINGS(00005)$

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 extension and 100% fibonacci projection are. Alternatively, prices could drop to stop loss at 51.85 where the pullback support is.

Entry: 52.65 [Smile]

Take Profit: 55.05 [Miser]

Stop Loss: 51.85[Cry]

$HSBC 5xLongSG230920(DHSW.SI)$

$HSBC 5xShortSG241213(DTIW.SI)$

Technical Analysis

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

JC888
2022-08-10
JC888
HSBC is no longer like what it was back in its heydays... Dunno what happened along the way
Ceres303
2022-08-12
Ceres303
thank you for sharing
Rookie22
2022-08-10
Rookie22
High interest rate should help bank
Teong
2022-08-12
Teong
[流泪][流泪][流泪]
Summer 炎夏
2022-08-12
Summer 炎夏
[Thinking]
Jacky82
2022-08-12
Jacky82
[财迷]

Leave a comment

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I have a setup for you guys&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/00005\">$HSBC HOLDINGS(00005)$</a>&nbsp;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 extension and 100% fibonacci projection are. 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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 extension and 100% fibonacci projection are. Alternatively, prices could drop to stop loss at 51.85 where the pullback support is.Entry: 52.65&nbsp;[Smile]&nbsp;Take Profit: 55.05&nbsp;[Miser]&nbsp;Stop Loss: 51.85[Cry]&nbsp; <a target=\"_blank\" href=\"https://ttm.financial/S/DHSW.SI\">$HSBC 5xLongSG230920(DHSW.SI)$</a>&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/DTIW.SI\">$HSBC 5xShortSG241213(DTIW.SI)$</a>&nbsp;<img src=\"https://community-static.tradeup.com/news/918d152c693d14a50f1939edb5df0825\"></body></html>","text":"Hey everyone! I have a setup for you guys $HSBC HOLDINGS(00005)$ 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 extension and 100% fibonacci projection are. Alternatively, prices could drop to stop loss at 51.85 where the pullback support is. 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