Hsbc Share Discussion Threads

[bogman1] 06/8/2020 16:10

Waiting patiently on this on. The max graph tells a story though. I reckon a bit to drop yet then we should see a long haul rise

[supermarky] 06/8/2020 15:47

I would stay well clear if that is the information it gives you!!!

[coxsmn] 06/8/2020 15:02

Try googling 'hsba share price' and select 'max' on the graph duration.

[imastu pidgitaswell] 06/8/2020 14:30

Quite liking this moment for another purchase - nothing since 370 personally.

Still small stakes for the time being, relative to other sectors/shares. There really doesn't appear to be any rush...

[supermarky] 06/8/2020 13:47

Thanks so much for your post. I concur with your views.

[triple witcher] 06/8/2020 13:41

Here are the current charts..

Firstly we have the bearish descending triangle playing out when I set a bearish price target of 303/305 a couple of weeks ago We where at 369/370 and broke below support with a gap down..



However, currently the Williams %R is on the "floor" and RSI below 20 at levels last seen during the financial crisis. So indicating we are oversold.



With potentially worse than expected US non farm payroll figs out tomorrow? and congress faltering on the new stimulus deal we may see general markets move down further and so HSBC may hit the 303/305 price target if the descending triangle fully plays out.

Noticeably yesterday whilst we saw general markets move up, HSBC still had a down day, and as the market moves down today, the fall in HSBC is greater than the other Banks and general market!

So still a lot of negativity surrounding this stock but sentiment will eventually change, particularly if we get a change in US President and relations between the US and China thaw a little.

I will continue to add to my position if we see further falls as long term at this level HSBC will have been seen as good value, particularly today the BOE tone seemed a little bit more upbeat regarding the economy and the recession will not be deep as originally predicted.

No one knows where the bottom will be and so as a chartist the indicators tell me this stock is now in oversold territory, but for a recovery in price we need to see some positivity and at the moment banks are unloved because it is hard to gauge the levels of provisions they will need to make because of defaults etc because of Covid 19 and for HSBC we have the US / China and HK issue plus Huawei etc.

Unfortnately things may get worse for HSBC (and the SP) before they get better but in 2 years plus time this supertanker will have turned the tide after its cost cutting and streamlining execrcises, so I still remain a buyer and will hold for 2/3 years. Banks have had to strengthen their balances sheets a lot more post the 2008/2009 financial crisis and HSBC has the exposure to China and the far east etc where economies will recover faster than in Europe (post Covid 19) then for the likes of Lloyds and Natwest who just have mainly UK retail Business.

The above issues for HSBC will eventually pass and so I am buying with a long term view, but please DYOR

[supermarky] 06/8/2020 13:39

Don't know what chart you are looking at you dozy plonker!

[coxsmn] 06/8/2020 13:31

Looking at long term chart, last time share price was this low was 1995. Still hard to see many positives except the hope of an improved outlook at some point next year.

[supermarky] 06/8/2020 12:35

319.48 was the low so near that now. Relentless!

[tahmina1] 06/8/2020 12:28

supermarky - re covid - agree 100%

[loganair] 06/8/2020 10:58

This is what a respected scientist said about Covid:

"Coronavirus = Rebalancing the population, left with a higher percentage of fit people to support the elderly and less fit in society."

[supermarky] 06/8/2020 10:15

it suggests down

[action] 06/8/2020 10:11

What does it mean ? Up or down as far as share price pls?

[supermarky] 06/8/2020 10:06

a little head and shoulders on the 1 hour chart!

[supermarky] 06/8/2020 10:04

I do believe we should take reasonable precautions and be sensible but to be honest I think this is a huge media storm which has been blown out of all proportion.

[supermarky] 06/8/2020 09:59

The amount of people dead from Covid-19 in the UK is very, very small for population size. Look how many people die of cancer, heart disease etc.Most of the people who have died had underlying health issues including fatties (who bring on their own health problems because of lifestyle factors, but it is not politically correct to say that as it offends them!) and old people who i am sad to say were already mainly end of life. People do die every day for all sorts of reasons. It is a fact of life.

[action] 06/8/2020 09:54

The way we live with flu we may have to learn to live WITH COVID19 till we find vaccine.

[hodhasharon] 06/8/2020 09:15

You make some good points buywell. The point is, you big players need the pullbacks to transfer ownership to retail investors.

[supermarky] 06/8/2020 09:05

significant long term support 270 area.Looking at long term chart on ig gives an idea where we are.

[supermarky] 06/8/2020 09:03

It will all come out in the wash!

[hodhasharon] 06/8/2020 08:55

That's the beauty of the market. We'll discover who judge this correctly in due course. :-)

Just my opinion too.

[action] 06/8/2020 08:55

If the news came out from BOE to keep int at .1% did not liked by market today. I recon bears are in full control on HSBA as they want it lowervto fill their boots and shake the weak holders b4 they double it from the low in one year horizon. If you can't beat them just join them.

[supermarky] 06/8/2020 08:51

I don't think that would be any real positive catalyst at all and if so very minor and short lived. Just my opinion.