Wednesday, February 25, 2015

Annual Trading Forecast on HSBC Holdings (2015)

HSBC Holdings shares (LSE:HSBA) are currently downbeat and buyers should stay away. The market has been trending down generally for several months, with transitory rallies proffering opportunities to go short.

Right now, the price is trading below the EMA 21 and the Williams’ % Range period 20 is gallivanting around the oversold region. This is a bear market and it should continue going downwards, reaching the support levels at 40.00 and 35.00 this year. Any rallies along the way should be seen as opportunities to go short.  

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

No comments:

Post a Comment