Hsbc Share Discussion Threads

[supermarky] 31/7/2020 17:19

natural not national

[supermarky] 31/7/2020 17:19

Lots of geo political changes happening. I suspect the anglo sphere will become stronger because of brexit and also a wider move to decouple from china given the glaring warning signs from there. The usa is on one side and china the other. The UK will gravitate towards the US group as a national partner.

[supermarky] 31/7/2020 16:10

Thanks for your thoughts. I entirely agree.

[imastu pidgitaswell] 31/7/2020 13:49

9022 - to be fair, classical mythology not really my bag. Thanks to Google, I have now been educated...

How do you keep the US and China onside given their public proclamations, and now laws? Taken at face value, it probably couldn't be solved. But I suspect there are plenty of 'backchannels' - they both need each other, and HSBC is probably the single most important facilitator.

Technical stuff - all good, and possibly helpful if nothing changes. Fwiw, I suspect the geopolitical landscape between the US and China will change though, maybe via the November elections - which will change things here. And then someone will claim it was in the charts...

[triple witcher] 31/7/2020 12:51

I concur, the relief rally may happen on Monday with the results and so we could possibly retest the original 369/370 support now turned resistance, but any gains will be sold into and based on the height of the triangle I think 303/305 price target is possible inevitable, here's the chart but I will add on the way down as long term the price at these levels willEventually be seen as good value https://uk.advfn.com/p.php?pid=chartscreenshotshow&u=u87zBCcOiOYNHCGOCJ7F0vVBvvQp%2FP1NXqn588DVReA%3D

[supermarky] 31/7/2020 12:24

hsba totally unloved but there should be some sort of relief rally at some point. This should be short lived with a continuation of the negative trend until sentiment turns. I think with patience this can be picked up cheaper

[supermarky] 31/7/2020 12:21

This latest dip is to be expected as the most recent support area failed

[geckotheglorious] 31/7/2020 11:29

Imastu..

"It is the epitome of being between a rock and a hard place"

Scylla and Charybdis you mean :)

[imastu pidgitaswell] 31/7/2020 10:41

It is the epitome of being between a rock and a hard place.

Still small stakes here - not added since latest plunge. But not selling as I think anything under 400 will in hindsight be seen as astonishing value.

In terms of what might change things for them - maybe consider US election results (if they happen...) in November. Then there's only CV19 to deal with...

[time_traveller] 31/7/2020 10:36

I don't recall ever seeing a large company so universally on the wrong side of the prevailing zeitgeist. BPs drubbing during the gulf spill comes to mind, but at least that was attacked on only one front (Obama). HSBC has managed to alienate all interested parties (governments, investors, clientele, etc) in all parts of the world. Incredible.

[supermarky] 30/7/2020 17:56

269 not too far away these days!!!!and more falls seem more likely than not.Nothing happening to suggest a sudden positive change of sentiment to me.

[triple witcher] 30/7/2020 15:36

Well with US GDP coming in at -32.90% and the second week of rising jobless claims we see the Dow down over 500 pts and the FTSE 100 once again below 6000.

Unfortunately with Lloyds Q2 figs disappointing the markets I think there are further falls to come in the Banking Stocks, as the US have now given up hopes of a V - shaped recovery and we have the July non farm payroll figs out next week.

Lets see what HSBC produce for the Q2 results on Monday, and we have NatWest tomorrow, so far we have seen big falls in Barc and Lloyds after their results and a mooted response in the share price for Stan Chart results.

The chart does not look brilliant for HSBC re the descending triangle pattern playing out



Albeit we are starting to look over sold re the indicators on the monthly chart



However, the general market has turned negative so it will be interesting to see our impairments on monday and how the market reacts to the results.

[imastu pidgitaswell] 30/7/2020 06:35

I guess you haven't come across buywell before. He's relatively harmless, as he simply ignores everybody else and just writes in the third person, usually wrongly, without responding to nuance, detail, etc.

He even has his own thread for his musings - a solitary confinement, if you like...

[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.