HotForex
Long

HSBC Bounced Off its Support, Potential Rise!

NYSE:HSBC   HSBC HOLDINGS PLC ADR EACH REPR 5 ORD USD0.50
HSBC bounced nicely off its support at 40.07 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 41.94 (61.8% Fibonacci retracement , horizontal swing high resistance).
Stochastic (55, 5, 3) has bounced off its support ascending support line.
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