Open long, week 14
HSBC rises 1.4% as buyers dominate 95% of the week's volume
Open long, week 14
Our view last week
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.
This week's summary
This week HSBC shares stay glued to their highs, with buyers even more dominant: 95% of the week's volume went to the buy side, up from 92% seven days ago. Money flow and the MACD keep improving, even as the ADX signals less conviction. Price is boxed between the daily upper Bollinger Band, in the 1498 area, and the daily moving average, in the 1453.6 area: technical analysis confirming the trade now running at +11.34% since entry.
IQS Phase
60
ordinary
Signal Strength
64
medium
Sizing
STANDARD
Ranking
#12 / 61
EU-UK stocks in progress
Trade P&L %
+11.34%
from signal to today
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