HSBC shares at highs, residual capital at +9.76%
HSBC gains 1.4% and stays glued to its highs, residual capital at +9.76%
HSBC shares at highs, residual capital at +9.76%
Our view last week
HSBC Holdings is in week 12 of a buy trade that has already completed our most advanced model's coverage, with all 3 statistical targets hit. The trade stands at +8.27% since entry, and the stop now trails the weekly Inversion Point, in the 1359 area: the gains are protected, and management continues with the residual capital left to run.
This week's summary
HSBC shares are still glued to their highs, squeezed between the 7-day high resistance (1476 area) and the daily pivot support (1468 area): buyers accounted for 92% of the week's volume. Underneath, the MACD and money flow keep improving, even as the ADX signals less conviction. In this week's technical analysis, the trade now runs at +9.76% since entry, up from +8.27% last week.
IQS Phase
80
in tension
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#22 / 60
EU-UK stocks in progress
Trade P&L %
+9.76%
from signal to today
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