Friday, August 18, 2017

HSBC , 0005 - 18 Aug 17

HSBC , 0005 - 18 Aug 17

Technical
Review on chart
On above weekly chart appear to reach resistance on previous high.
expect will drop back on the support around 60+ become continue trending up.
it could be rebound back to 70+ and further drop down.

Fundamental
HSBC bank profit have reduce over the years, however it is still a world bank as of current. overall DY is good which pay off quarterly.

Strategy
to observe when pricing around 60+ should be entry point and further check if it trend up or trend down.




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