HotForex
Short

HSBC Approaching Resistance, Potential Reversal!

NYSE:HSBC   HSBC HOLDINGS PLC ADR EACH REPR 5 ORD USD0.50
HSBC is approaching its resistance at 42.68 (61.8% Fibonacci extension , 78.6% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 41.54.
Stochastic (89, 5, 3) is approaching resistance as well.
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