Learn to Evaluate (HSBC) using the Charts
December 04, 2024, 05:54 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HSBC
- Buy HSBC near 46 target 48.13 stop loss @ 45.87 Details
The technical summary data tells us to buy HSBC near 46 with an upside target of 48.13. This data also tells us to set a stop loss @ 45.87 to protect against excessive loss in case the stock begins to move against the trade. 46 is the first level of support below 47.47 , and by rule, any test of support is a buy signal. In this case, support 46 is being tested, a buy signal would exist.
- Short HSBC slightly under 48.13, target 46, stop loss @ 48.27 Details
The technical summary data is suggesting a short of HSBC as it gets near 48.13 with a downside target of 46. We should have a stop loss in place at 48.27though. 48.13 is the first level of resistance above 47.47, and by rule, any test of resistance is a short signal. In this case, if resistance 48.13 is being tested, a short signal would exist.
Swing Trading Plans for HSBC
- Buy HSBC slightly over 47.52, target 48.13, Stop Loss @ 47.38 Details
If 47.52 begins to break higher, the technical summary data tells us to buy HSBC just slightly over 47.52, with an upside target of 48.13. The data also tells us to set a stop loss @ 47.38 in case the stock turns against the trade. 47.52 is the first level of resistance above 47.47, and by rule, any break above resistance is a buy signal. In this case, 47.52, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short HSBC slightly near 47.52, target 46.81, Stop Loss @ 47.66. Details
The technical summary data is suggesting a short of HSBC if it tests 47.52 with a downside target of 46.81. We should have a stop loss in place at 47.66 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 47.52, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for HSBC
- Buy HSBC slightly over 47.65, target 48.13, Stop Loss @ 47.54 Details
If 47.65 begins to break higher, the technical summary data tells us to buy HSBC just slightly over 47.65, with an upside target of 48.13. The data also tells us to set a stop loss @ 47.54 in case the stock turns against the trade. 47.65 is the first level of resistance above 47.47, and by rule, any break above resistance is a buy signal. In this case, 47.65, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short HSBC slightly near 47.65, target 47.28, Stop Loss @ 47.76. Details
The technical summary data is suggesting a short of HSBC if it tests 47.65 with a downside target of 47.28. We should have a stop loss in place at 47.76 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 47.65, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Hsbc Holdings Plc. (HSBC) available here: HSBC.
HSBC Ratings for December 04:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
43.72 |
| P2 |
47.28 |
46.81 |
46 |
| P3 |
47.65 |
47.52 |
48.13 |
AI Generated Signals for HSBC
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Hsbc Holdings Plc. (NASDAQ: HSBC) report below can help you understand how to do this. The trading plans for HSBC, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for HSBC:
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