HSBC Holdings Plc (LSE:HSBA), a happy new year?

#FTSE #WallSt

Some light amusement can be had by visiting the “Controversies” section of HSBC’s Wikipedia page. Basically, it appears difficult for a scandal to roll past the bank without someone uncovering their involvement. Even the recent German coal mining flap, now dropped by the media, reveals HSBC made loans to the miner. As they were part of a consortium of 25 bankers financing multi billion Euro loads, more important questions would deserve being asked, if they were NOT involved.

Another aspect of HSBC provided a surprise, though it really shouldn’t. The company was founded in 1865 by a Scottish bloke, continuing a tradition of an irrational number of large institutions being able to trace their roots back to ex-pats from the Edinburgh banking community. HSBC are regarded as one of the worlds strongest banks, a detail confirmed in 2007 when the financial crisis was starting to smoulder. Required by the UK treasury to increase their available capital, the company immediately transferred £750 million to London, along with lending £4 Billion to other UK banks!

 

However, despite a stonking CV, HSBC share price has tended remain in the doldrums, effectively matching the test of the banking sector. However, with share price movements this year, it appears this homage to mediocrity may be changing.

Elsewhere in Europe and the US, when share prices (and index values) start exceeding their pre-pandemic highs, it has invariably proven as a signal for happier days ahead and in the case of HSBC, it has closed – and stuttered – at the 600p level, visually confirming this is probably a fair trigger.

Movement above 600p looks capable of provoking gains to an initial 635p with secondary, if bettered, calculating at a sane looking 750p. The share price has an obvious downtrend since 2006, one which we’re unable to arithmetically provide a collision zone for the share price. If we’re honest, it’s already the case a distant looking 918p works out as a seriously long term target, hence a suspicion this important looking Blue downtrend shall prove to be a footnote in history.

 

For everything to go horribly wrong for HSBC, their share price needs to close a session below 533p to utterly foul all the foregoing calculations.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:19:38PM BRENT 86.32 ‘cess
9:21:44PM GOLD 1938.09 ‘cess
9:31:12PM FTSE 7773 7742 7720 7690 7771 7806 7832 7862 7764
9:33:02PM STOX50 4165.01
9:35:43PM GERMANY 15129 Shambles
9:37:21PM US500 4025.87
10:36:42PM DOW 33759 33302 32798 32269 33445 33795 33826 33975 33682
10:38:20PM NASDAQ 11920
10:40:24PM JAPAN 27197 ‘cess

 

24/01/2023 FTSE Closed at 7757 points. Change of -0.09%. Total value traded through LSE was: £ 5,520,852,512 a change of 27.06%
23/01/2023 FTSE Closed at 7764 points. Change of -0.08%. Total value traded through LSE was: £ 4,345,074,257 a change of -16.34%
20/01/2023 FTSE Closed at 7770 points. Change of 0.3%. Total value traded through LSE was: £ 5,193,532,558 a change of -8.71%
19/01/2023 FTSE Closed at 7747 points. Change of -1.06%. Total value traded through LSE was: £ 5,688,982,543 a change of 12.09%
18/01/2023 FTSE Closed at 7830 points. Change of -0.27%. Total value traded through LSE was: £ 5,075,315,047 a change of -21.93%
17/01/2023 FTSE Closed at 7851 points. Change of -0.11%. Total value traded through LSE was: £ 6,501,128,630 a change of 48.1%
16/01/2023 FTSE Closed at 7860 points. Change of 0.2%. Total value traded through LSE was: £ 4,389,692,147 a change of -22.72%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:BBY BALFOUR BEATTY** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:LLOY Lloyds Grp.** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **

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Updated charts published on : BALFOUR BEATTY, MAN, EasyJet, Greggs, HSBC, British Airways, Intercontinental Hotels Group, International Personal Finance, Lloyds Grp., Oxford Instruments, Rolls Royce,

LSE:BBY BALFOUR BEATTY. Close Mid-Price: 368 Percentage Change: + 1.43% Day High: 371.4 Day Low: 362.8

Further movement against BALFOUR BEATTY ABOVE 371.4 should improve accele ……..

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View Previous BALFOUR BEATTY & Big Picture ***

LSE:EMG MAN Close Mid-Price: 242.5 Percentage Change: -0.08% Day High: 246.1 Day Low: 236.7

In the event of MAN enjoying further trades beyond 246.1, the share shoul ……..

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View Previous MAN & Big Picture ***

LSE:EZJ EasyJet. Close Mid-Price: 468 Percentage Change: + 4.00% Day High: 470.7 Day Low: 453.7

Target met. Further movement against EasyJet ABOVE 470.7 should improve a ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 565.6 Percentage Change: -2.16% Day High: 582.2 Day Low: 558.8

All Glencore Xstra needs are mid-price trades ABOVE 585 to now improve a ……..

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LSE:GRG Greggs. Close Mid-Price: 2676 Percentage Change: + 1.67% Day High: 2702 Day Low: 2636

In the event of Greggs enjoying further trades beyond 2702, the share sho ……..

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View Previous Greggs & Big Picture ***

LSE:HSBA HSBC. Close Mid-Price: 594.8 Percentage Change: + 0.46% Day High: 597.5 Day Low: 589.4

Continued trades against HSBA with a mid-price ABOVE 597.5 should improve ……..

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LSE:IAG British Airways. Close Mid-Price: 166.32 Percentage Change: + 2.43% Day High: 166.06 Day Low: 162.24

In the event of British Airways enjoying further trades beyond 166.06, t ……..

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View Previous British Airways & Big Picture ***

LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5700 Percentage Change: + 0.96% Day High: 5724 Day Low: 5626

All Intercontinental Hotels Group needs are mid-price trades ABOVE 5724 t ……..

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View Previous Intercontinental Hotels Group & Big Picture ***

LSE:IPF International Personal Finance Close Mid-Price: 79.4 Percentage Change: -1.98% Day High: 82.9 Day Low: 79

Continued trades against IPF with a mid-price ABOVE 82.9 should improve t ……..

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View Previous International Personal Finance & Big Picture ***

LSE:LLOY Lloyds Grp.. Close Mid-Price: 50.13 Percentage Change: + 0.64% Day High: 50.25 Day Low: 49.67

In the event of Lloyds Grp. enjoying further trades beyond 50.25, the sha ……..

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View Previous Lloyds Grp. & Big Picture ***

LSE:OXIG Oxford Instruments. Close Mid-Price: 2335 Percentage Change: + 1.97% Day High: 2370 Day Low: 2285

Target met. Further movement against Oxford Instruments ABOVE 2370 should ……..

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View Previous Oxford Instruments & Big Picture ***

LSE:RR. Rolls Royce. Close Mid-Price: 111.4 Percentage Change: + 2.96% Day High: 112.04 Day Low: 108.64

In the event of Rolls Royce enjoying further trades beyond 112.04, the sh ……..

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View Previous Rolls Royce & Big Picture ***

*** End of “Updated Today” comments on shares.

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