HSBC Holdings shares (LSE:HSBA) are currently weak, having gone down
significantly this year, following the volatile months of October – December 2015.
4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and
200. The color that stands for each EMA is shown at the top left part of the
chart. All the 4 EMAs are sloping downwards. Any bullish retracements into the
EMAs 10 or 20 should be taken as “sell” signals, especially when it is followed
by a bearish candle.
Unless a Golden Cross happens in the market, the most sensible thing
to do on HSBC Holdings is to seek short trades.
This forecast is ended by the quote below:
“Ultimately,
I bear in mind the old saying: ‘there are only two types of losses: big or
small. Choose which yours will be.” – CityTrader (Source: Trade2win)
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders
Don’t Want You To Know: Super Traders
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