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Thanks, I'm crossing my fingers that this will climb to 408p in the next two weeks.
GLA
Good call you two; 377 as i type
So, bounced off support yet again @ 370.....
I expect better than anticipated results and I am back having bought @371 today. GLA.
China bank lending hits record $1.73 trillion in first half after solid June
Will this be a guide to HSBC H1 Interim results due 3 August?
A lot of lending in mainland China during same peiod.....
https://uk.investing.com/news/economy/china-bank-lending-hits-record-173-trillion-in-first-half-after-solid-june-2159298
I have decided to buy back in @ 371p, three weeks to go before H1 results, hoping for rise in the next two weeks.
GLA
Interesting Velo, but am not an investor; i'm a trader.
200 day's, i'm in, out, & hopefully banked a nice cap gain profit.....
Good luck to all, whatever strategy...
M
HSBA,
BT,
&
RDSB,
- Are ALL seriously below their long term 200 day moving average. And have been for a considerable period of time. (Falling knife stocks, you could say).
So that makes them dangerous to expect them to rise for no other reason than just buying in to them.
Waiting for them to rise above the 200 day average can mean losing a lot of the rise - a lot - so lower time frame trends are needed to second guess when a recovery is on the way.
However, you already know that all 3 choices have been retracing substantially for a long tme now.
Personally I'd rather buy into an uptrend, losing a little (quite a bit in most cases) of the bottom, once they do get into a serious uptrend.
FANG stocks have been above their 200 day average for more than the current decade. That's how good a stock has to be, to get as good as damn it, some sort of reasonableness, that we're making the right choice.
And isn't getting into a serious uptrend what we, the entire world of stock market investors, spends its time trying to figure out? - LOL!
Am holding off for a while here, i think; don't want to see my previous profits wasted on rashness.
408 on Monday was a lower high than the previous 428. So a lower low is more than likely to me.
Also, it's not just how low it goes in terms of a number. I want to see it drop but stabilise for a little while; week or so.
Then jump on & hope for a ride up to 390/400 new high. Target £1k cap gain.
Am into BT with a little more than i really wanted, following it down with buys from 113 to 108; so capital tied in there for now. Tho i see a rise to the 120 mark on the cards, at which point i will be out.
Am also interested in RDSB, now sub £12, & may go there instead of HSBC as is maybe a safer bet....
M
" Or fallen too fast & will test new low's? "
-------------------
I posted (single post) previously of fancying 360/370 but now leaning towards 360.
But if that fails then 310-ish is in the frame (IMO).
And should the worst nightmares of HK's posts materialise then I can believe in any calculations around 250 - which if it did reach that level would involve massive presence retractions, and serious media talk abounding of who will likely bid for the rump of the company - by then.
Made quite a tidy sum in divis over the years in HSBA but became perturbed how the SP would not grow and suffer serious retraces. Finally did a full examination to find future top-up points to add to my holding, and became despondent on how I'd allowed dividends to suspend by critical faculties and was shocked that over 20 years, the price action showed a long term decline in the SP. Not quite lower highs each time (nearly, almost) but more like lower lows each time.
Determined right there and then, I'd sell on the next peak (it peaks on a regular basis, years apart for the major ones).
Think I bought in 2015 or Jan 2016 latest @ circa 420's (got it in my mind it was 370-odd) and sold out, relieved, when it began climbing back up at 650 or so - as was annoyed that I'd let £7 float by whilst asleep on the divi seductress, so got the best price I could during 2019. As the SP fell rather alarmingly directly after I sold at circa 650's (might have even been a little lower) I felt validated and put HSBA on a watchlist, as didn't want to see it rocket like other stocks I've sold in the past - but got this one right :)
So all in all, a nice profit allround. But a close run thing at the end.
My only interest now, is if every last person becomes so despondent and general consensus writes HSBA off as a lost cause then that would be the potential buy signal.
So will see if a change in the trend lines below here at 360 (not buying/gambling on 360 on its own) and if not it might be a much longer time before the final floor appears as I suspect it could fool us all and drop over the next 2 years off and on, until that 310 or 250 came on centre stage. (Worst case scenarios)
First up, for consideration IMO is 360 as there will be endless false positive rallies before deep lower SP's appear IMO.
Not bothered if it rallies dramatically from here (a possibility) leaving me at the alter, it's not a must-buy for me - but it has had a 20 year history of huge peaks before dropping back again.
So a trading challenge/puzzle rather than an investment choice IMO.
Well, here we are......."Groundhog Day"
Time to dip a toe back in & wait for £4 again?
Or fallen too fast & will test new low's?
M