HSBC chart using chartnexus!
Below is the chart for HSBC. I looked at the chart after I updated a newer version of chartnexus today. Now they even include HK stocks :) Amazing..and it's free too :) To all the guys/gals at chartnexus, thks for all the great work!
As mentioned in previous charting of hsbc, there is a rising wedge. But as I looked at it today, I realised that it didn't really breakdown as the pattern indicated. Instead, the price seems supported by ema20d and is also resisted at around 137.
Break below 137, I think we can expect more downside, at least for the shorter term. Break above 137, esp with high volume, we can see a uptrend.
Stumble it!
As mentioned in previous charting of hsbc, there is a rising wedge. But as I looked at it today, I realised that it didn't really breakdown as the pattern indicated. Instead, the price seems supported by ema20d and is also resisted at around 137.
Break below 137, I think we can expect more downside, at least for the shorter term. Break above 137, esp with high volume, we can see a uptrend.
Stumble it!