CFD Trading – Sell HSBC Holdings Plc. (HSBC.NYS) @ $31.15. Stop @ $32.80 and Target @ $26.80.

HSBC Holdings Plc Stock Code HSBC.NYS

Price tried to move above the cloud but was capped by the lower edge of the cloud, keeping the bearish price trend intact. Conversion line and Base line had a bearish crossover and is hinting at a bearish price trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD is bearish. If price is unable to move above the cloud, it could be heading towards the support at $26.80 in the next 2-3 weeks.

$31.15 Sell
$26.80 Price Target
$32.80 Risk Management Stop
3 weeks Trade Duration

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