HSBC was supported after dropping to 9-month low few days ago. We can see that MACD lines cross, which might indicate a reverse of trend. However, RSI is still above 50. It shows that HSBC is not as oversold as we thought. The MACD cross might provide evidence for a little rebound. However, the trend is still pointing downwards. A better price to place the bet would be at around 61.
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