HSBC Holdings Plc Weekly (22/2014) Chart Technical Analysis
The HSBC Holdings (HSBC) weekly chart shows the following signs:
HSBC from the year of 2009 makes a bottom schema of downtrend reversal in an ascending triangle. Technicaly MACD and RSI gave a bullish sign recently. I think that the time of showing the real new trend is near in this summer. If the price overcomes KUMO and the $54.08 it will be the first positive sign. The second target that will enforce my scenario is the price of $57.97 towards to $63.70. Stop loss under the support line.
HSBC from the year of 2009 makes a bottom schema of downtrend reversal in an ascending triangle. Technicaly MACD and RSI gave a bullish sign recently. I think that the time of showing the real new trend is near in this summer. If the price overcomes KUMO and the $54.08 it will be the first positive sign. The second target that will enforce my scenario is the price of $57.97 towards to $63.70. Stop loss under the support line.