Annual Trading Forecast on HSBC Holdings (2016)

PUBLISHED: Feb 23 2016 @ 23:20 | Comments (0) | More info about Azeez Mustapha

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)

What Super Traders Don’t Want You To Know: Super Traders

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