Verified Investing on $HSBC (Oct 27, 2026)
AI summary · Verified Investing
HSBC's bad earnings have the stock falling sharply pre-market; it is getting extreme oversold and trading into a former pivot area, but the speaker is not ready to buy here. He would only get interested if HSBC fell a little lower, to around 8160, where pivot points sit.
BearishHe framed it in days
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Verified InvestingPublished Oct 27 · 1 passage
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HSBC. Yikes. Bad earnings from this bank. The stock is getting absolutely bludgeoned in the pre-market, falling sharply, but again, it's actually starting to get extreme oversold.
It's trading kind of right into this former pivot area right here. I don't think I'm ready to be a buyer here, but if it were to come down a little bit lower, maybe around 8160 or so, there's some pivot points right in there that start to get me interested.