HSBC

Possible 123 low breakout???
stops below 2 point.(663)


dl.dropboxusercontent.com/u/4899609/hsbc11thoct.png

This is bang on the trend line currently. Ive also gone long on a first attempt basis with a 5 point stop on a first attempt basis. Ive closed my short from earlier at the trend line. I will look to short again if it goes below 685.
Im hoping for a bounce from here but it may not happen with the way the indexs are currently... So risk attached to this day trade.
This is from the share tips section

dl.dropboxusercontent.com/u/4899609/hsbcjune7th.png

Ive gone short on this on a first attempt basis from 766 with a tight stops of 6 points.
This is from the interesting chart section for this week.
Obviously this is a day trade as the trend is clearly up .

Here's an interesting one. It broke out of the downtrend from the 2006 high in Jan and has just backtested that breakout (with a hammer on the weekly chart last week). It's also broken out of the short term downtrend and backtested that too:



dl.dropboxusercontent.com/u/20815047/HSBAdaily24_04_13.gif

I've seen this a bit late but it could be worth a long with stop below 661. Just needs to clear the gap which has provided resistance today.