TipTVFinance

HSBA – Bearish divergence intact

LSE:HSBA   HSBC HOLDINGS PLC ORD $0.50 (UK REG)
The daily RSI is in a falling channel even though the prices are moving higher, suggesting a bearish price RSI divergence and a potential for a correction.

However, the stock found buyers at the session low of 629.60. Nevertheless, a potential for a sell-off remains intact till the stock does not close above 645 levels.

On the lower side, major support is seen around 600 levels.
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