Methodology: each issue's direction is a live signal — long/short opens or holds a position, neutral means flat, and every direction change opens, flips, or closes it. Returns are direction-aware (a short gains when the price falls) and compound across positions from first observation to the latest issue. "Price move" is the stock's own raw change, shown separately. Neither represents actual portfolio performance.
Brief History (4 issues)
Down 0.94% with RSI at 59.8 and a HK$238.82 consensus target just 2.9% above spot; warming rate-cut expectations compress bank net interest margins and the valuation gap is exhausted. Closing the position.
Essentially flat at -0.09% with RSI at 63.4 and price just 2.4% below the HK$240.00 high; at 14.4x, a bank benefits from rising yields. Maintaining the long.
In a breakout channel, 24% above the SMA200 with a strong trend and slight consensus upside — a bank benefiting from spreads and EM exposure; holdable.
Up 1.3%, 1.9% off the high in HSBC's slipstream of NIM-plus-buyback strength — early-August earnings is the checkpoint, watch the retest