HotForex

HSBC Approaching Resistance, Potential Reversal!

Short
NYSE:HSBC   HSBC Holdings, plc.
HSBC is approaching its resistance at 42.27 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 40.07 (horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.

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