Hsbc Share Discussion Threads

[1sjh] 29/7/2020 22:51

Some valid points however lyodds are a different breed as they are the no1 UK retail bank, mortgage and credit card lender. They have almost no investment banking anymore. Lloyds heavily exposed to UK consumers in a way other banks are not. As for the dollar yes its being devalued but at the start of covid the scramble for dollers was immense and vastly increased its value, it was trading too high. The FTSE I dont see as being over valued as what the US markets have by the fed stimulus the FTSE has not recovered anywhere near what the DAX and US markets have therefore I see less of a pull back in the event of another decline. Could we see a FTSE at 5500 soon quite possibly but a sub 5000 FTSE I dont see. I think a lot of the coming bad news is priced in especially here with HSBC. Will ride it out and come back strong maybe waiting till 2022 before the real take off here. GL

[buywell3] 29/7/2020 22:20

BARC results today were BAD

To think that other banks yet to report will be GOOD will IMO be WRONG

======== LLOY and Banks and Markets and GOLD =======


If you look back buywell has said 20p for a few months now

Several months back when LLOY was circa 60p to 68p and they were carrying on a large buyback program of many Billions of pounds using shareholders monies . buywell was critical of that program and predicted 30p would come when it stopped.

This is now the case with FED stimulus in the USA

They have created a monster market in the face of a Covid-19 pandemic. A monster which must be fed ever bigger meals to keep it alive as it grows.

Another $ 2 Trillion now hangs in the balance ( days) to add to the $7 Trillion already spent/agreed . The $ has tanked nearly 9% in the face of such FED actions and GOLD has surged to Historical highs.

Another $2 Trillion should IMO tank the $ another several per cent and send POG higher still IMO. Will investors now increasingly leave the main markets and invest in precious metals ? IMO some have done so already and it has been FED stimulus that has been sending Main markets and POG higher at the same time .

This is not the usual case IMO so we have a disconnect situation indicating the markets are in a stressed / bubble state.

All IMO dyor

[imastu pidgitaswell] 29/7/2020 14:32

The 200 day will keep moving (as will the 50) - down for the forseeable. It might be a resistance when this gets there, but it is unlikely to be at 495, more like 400-450.

This might just be a gap fill to 365:




To be honest, charts are not really my thing - any further questions on those I'll leave to m'learned friend who knows what he is talking about...

[action] 29/7/2020 14:31

So 495p is strong resistance going forward.

[imastu pidgitaswell] 29/7/2020 14:23

Way way way too early...

The other thing about the golden cross is that both ema's have to be moving up when they cross. That is going to take a while, to put it mildly - the current 200 day moving average is around 495...

Remember, these are only signals - there is nothing to say that it's not simply too cheap and will head back up - the signal confirms, not predicts....

[action] 29/7/2020 13:16

350P TO 360P

[action] 29/7/2020 13:16

Is the chart reversal on card as it moved from 350 tp 369p today ie golden EMA cross or is it too early to tell?

[triple witcher] 28/7/2020 14:51

@ loganair..

Tend to use the EMA's, hindsight is a wonderful thing, but Death Cross was signaled when share price was around 640 and 50 EMA crossed below 200 EMA!! SELL always a lagging indicator but the EMA's tend to be more accurate

Heres the chart



Heres the nuance

.........."A bullish crossover occurs when the shorter moving average crosses above the longer moving average. This is also known as a golden cross. A bearish crossover occurs when the shorter moving average crosses below the longer moving average. This is known as a dead cross".....

[supermarky] 28/7/2020 13:24

the best thing to look at here is the long term chart. Buy hold and forget for a bit. It is very unlikely you will buy at the very bottom but who gives a fxuk in 5 years time. I have a small amount and considering just gettibg in a few more then walking away and waiting 4 / 5 years for this mess to unwind

[onjohn] 28/7/2020 12:27

Mr Market says will crash soon

profit warning

[loganair] 28/7/2020 11:57

Currently HSBC current actual share price is below the 20 day moving average, which is below the 50 day moving average which is below the 200 day moving average = Bear Market.

[imastu pidgitaswell] 28/7/2020 11:46

9003 - really? I suppose people see what they want to see, including me.

Buywell's long term chart to me shows how little time the share price has spent anywhere near this level, or below 400 - it does not say 'down' to me.

[loganair] 28/7/2020 11:39

Sadly for the banks, their share prices are cheap, however do they represent good Value as all I keep seeing is their prospects continue to deteriorate.

So far the banks have represented themselves as being 'Value Traps.'

[watfordhornet] 28/7/2020 11:29

In both. Both have significant Issues and wish I was not.

[loganair] 28/7/2020 11:09

One banking analyst said "banks are going no where, I hate them."

Over the past 25 years except for the likes of JP Morgan and Goldman Sachs, banks are down anywhere between 85% and 98%, each time coming in with lower highs followed by lower lows = banks have been in a 'Bear' market for 25 years.

I keep looking at HSBC, just as I do with Imperial Tobacco, as a possible investment and each time the share price is lower for both.

HSBC I can easily see falling below 300p.

[jwafc] 28/7/2020 09:13

Horizontal major support at 349. Let's see where it closes today.

[time_traveller] 28/7/2020 09:07

"Why not just focus on hiring the right person for the job???"

Historically, not HSBC's strong suit!

They've voluntarily angered the west with a photo of Wong that sticks in everyone's mind, and their sycophancy has bought them no truck with China, but hey, at least they are applying "positive" discrimination to sort out their woeful management personnel.

[geckotheglorious] 28/7/2020 08:56

Why not just focus on hiring the right person for the job???

"HSBC aims to double the number of Black staff in senior roles by 2025, Chief Executive Noel Quinn said in an internal memo, as the bank attempts to take action against discrimination and create opportunities for advancement in the wake of the Black Lives Matter movement"

This diversity for diversity's sake drivel is getting out of hand.

[spud] 28/7/2020 08:30

Taken another tranche at 348p. Happy to buy more at even lower prices.spud

[triple witcher] 28/7/2020 08:18

Another gap down at open, general market up. On the downside I think the share price could be eventually headed to the price target if 303-305 for the descending triangle pattern mentioned previously. Raft of Q2 bank results over the next 4/5 trading days

[triple witcher] 28/7/2020 07:42

Here was the gap

[buywell3] 28/7/2020 01:42

Look at that momentum TA chart in the header

It looks like it might go lower yet IMO

dyor

[growthpotential] 28/7/2020 00:57

Is HSBC being torn a new one?

[1sjh] 27/7/2020 21:55

Yup some grim stuff here.. my average will be around 390 so not in too much pain but I'm struggling to see the light currently. We do have a absolute beast of a company here though which given time will recover. When the dust settles probably post US elections they are postioned the be the Asian-EU-US link that will be needed to conduct trade.

[loganair] 27/7/2020 21:09

HSBC takes a kicking in China:

HSBC’s political agonies go on. In the west, the bank is being bashed for its disgraceful public support for draconian security laws in Hong Kong. Over in China, state media are portraying HSBC as the evil “accomplice221; of Washington in its pursuit of Huawei.

The latest kicking was delivered by the People’s Daily and prompted HSBC to make the potentially risky move of telling the Chinese public, via the local WeChat social media platform, that the government-sponsored outlet is talking rubbish.

HSBC’s statement, titled Explanations on the Huawei Event, was obviously more restrained in tone. The bank denied it had “set traps to ensnare Huawei” and said it had not been involved in the US Department of Justice’s decision to investigate the telecoms company. It said it had only handed over documents to the DoJ, which later requested the arrest in Canada of the Chinese technology company’s chief financial officer, when it was ordered to do so.

That account seems entirely plausible, but a public spat with the People’s Daily is significant in itself. It underlines HSBC’s horribly weak position during the US-China standoff. The bank seems to have gained no credit with Beijing for being cuddly over Hong Kong. Rather, the authorities seem to enjoy making soft threats to HSBC’s ability to attract business customers in China, which is the undercurrent to the recent press coverage.

It is why it may be premature to think HSBC’s board will be bounced into embracing an entirely Chinese future, complete with redomicile to Hong Kong, the source of more than half the annual profits. The terms of any redomicile would matter and, as things stand, HSBC’s political stock is falling fast.