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Feb 26, 2019 9:24 AM

HSBC Approaching Support, Potential Bounce! Long

HSBC Holdings, plc.NYSE

Description

HSBC is approaching its support at 40.33 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 41.19.
Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.
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