tomj2417
Panjang

HSBC - break out of long term trend lines

LSE:HSBA   HSBC HOLDINGS PLC ORD $0.50 (UK REG)
HSBC             broke through 2 long term trend lines today which might suggest some bullishness going forward. Also worth noting is history has shown that as goes HSBC             the FTSE 100             usually follows. I have left any EW wave count off the chart as I am still undecided if this is all part of a long term correction dating from the top in 2001 or part of an impulsive climb that began in 2009. Whichever way I look at it, I reckon there is still some upside in this stock.
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