HotForex

HSBC Bounced Off Support, Potential Further Rise!

Long
NYSE:HSBC   HSBC Holdings, plc.
HSBC bounced off its support at 36.98 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 46.16 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) has bounced off its support at 2.4% where a corresponding rise could occur.

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