CFD Trading – Buy HSBC Holdings (005.HKE) at $56.50. Stop at $54.50 and Target at $60.30.

HSBC HOLDINGS   Stock Code 0005.HKE


This stock has been moving higher along with the rising middle band. The 20-day moving average is currently acting as the first layer of support. MACD is strong and bullish with both of its lines far above the zero line. As long as price stays above the middle band, we see price continuing to move higher in the next 1-2 weeks.


$56.50                Buy

$60.30                Price Target

$54.50                Risk Management Stop

2 weeks              Trade Duration

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