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Monday, 3 February 2014

HSBC Holdings (HKSE): 3 January 2014, Monday, 1.15am Singapore Time

HSBC Holdings (HKSE): 3 January 2014, Monday, 1.15am Singapore Time
Chart courtesy of Chartnexus.com

Attached above is the Chart of HSBC that is listed in the HKSE. 

1. Distribution above RED & PINK SUPPORT LINES as above

2. Bearish Rounding Top

3. Rounding Top has broken down with volume below the PINK support
(show of intention by Big Hands)

4. Warned in November-December of 2013 at the peak to sell/get out of financial markets as Big Hands are shorting furiously based on DNA Funds Flow Analysis Calculations with Track Records.

5. First Target as illustrated above in chart.

. 6. High Volume Sell-downs have resumed on HSBC as well as banking and financial stocks worldwide (refer to related analyses below)

Donovan Norfolk Judgement:
Highly Bearish for the long term.
Unload/Sell/Short on every Rebound
Worldwide Bank Stocks Bearish now 
As Banking and Financial Sector are the arteries of economic activities, this further signals weakness in stocks, equities and financial markets worldwide.


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