HSBC HOLDINGS Stock Code 0005.HKE
Price could have formed a reversal candlestick pattern, the Evening Doji Star, after trading near to the resistance zone. The MACD is still bullish, but it has given divergence warning that hint for a potential top. A violation of both the Conversion and Base lines is likely to bring price lower to its resistance-turned-support zone, which is also the lower edge of the cloud support at HK$43.05.
$43.00 Price Target
$49.30 Risk Management Stop
2 weeks Trade Duration
Please contact your TR to borrow scrip before shorting.