HSI 941 HSBC

CLICK FOR BETTER VIEW - 941, HSI, 5

not long ago in this blog, i have re iterated that stock markets esp hsi and a few stocks are under stress, but i dont have time to include the charts, here they are.

941 is esp bad, it formed a platform of two heads over six months and another multiple heads over two years, so dont expect much from this stock, it will also pull down hsi.

HSI is under severe manipulation because of derivatives in the market, but if you look at the chart above, there are a total of 7 long spikes up/down in the last month, but six of them are down. this tells you that the pros are not likely to push it up further.

5 has the best chart of three, but it also formed a base of multiple heads over 7 months and recent highs are already at high rsi, so the chance of it breaking the earlier high [top pink line] is not likely.