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The HSBC share price is struggling. The stock declined in the past four straight days and is trading at the lowest level since February. This weakness accelerated today in Hong Kong, where the shares crashed by more than 2%. It has declined by more than 13% from its highest level this year ahead of UBS earnings. HSBC news. HSBC shares have been under pressure lately as the geopolitical tensions between the US and China escalate. Last week, the Biden administration cautioned American companies operating in Hong Kong. They asked companies to be a bit cautious because of the recently passed national security law. At the same time, the administration sanctioned seven Chinese officials for their role on the crackdown in the city. HSBC is caught in the middle of these geopolitical tensions because of its Western roots and its current strategy for expanding its business in China. Therefore, there are concerns that Beijing could introduce new measures to punish the bank. The HSBC share price will also be in the spotlight ahead of the latest quarterly results of UBS, the giant Swiss bank. These results are important because they will provide hints about wealth management in China, a market that HSBS is keen on expanding. Stronger results by UBS will likely provide a useful catalyst for HSBC. The UBS earnings comes a week after other Wall Street companies published their quarterly results. The overall results were mixed, with banks like Morgan Stanley and Goldman Sachs reporting strong revenue growth. Others like Bank of America disappointed. HSBC share price forecast My last estimate of HSBC stock did not play out as I predicted. In that article, I wrote that the stock would likely rebound in London. In reality the stock has declined sharply since then. Turning to the daily chart, we see that the shares managed to move below the important support at 412p. This was a notable level since it was the neckline of the double-top pattern that happened earlier this month. Another notable thing is that the shares have moved below the 200-day moving average. In fact, a death cross - when 50 and 200-day MAs crossover - seems close to happening. Therefore, there is a possibility that the HSBC stock will keep falling as bears target the next key support at 350p. On the flip side, a move above 420p will invalidate the bearish view. HSBC stock chart Follow Crispus on Twitter.