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Home / Support and Resistance / HSBC Holdings (HSBA.L) 21-04-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

HSBC Holdings (HSBA.L) 21-04-20

Will HSBC Holdings (HSBA.L) shares break below the 400p support zone, or will it return to highs of 617p (+51%)?

  • Currently trading around the 400p support at 407.45p (at time of writing).
  • The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
  • Highs of 617p have been seen in the recent past. Will we see this again? (+51%)
  • Shares -40% from 12-month highs; +2% from 12 month lows.

Latest News

20 Apr:  Citigroup reiterates its neutral rating on HSBC Holdings (HSBA) and reduced the target price to 410p (from 470p).

16 Apr:  Barclays Capital reiterates its underweight rating on HSBC Holdings (HSBA) and reduced the target price to 420p (from 550p).

09 Apr:  Credit Suisse has downgraded its rating on HSBC Holdings (HSBA) to neutral (from outperform) and reduced the target price to 515p (from 635p).

02 Apr:  JP Morgan Cazenove reiterates its underweight rating on HSBC Holdings (HSBA) and reduced the target price to 510p (from 570p).

 

01 Apr:  HSBC cautioned that the impact of the Covid-19 crisis would damage Q1 revenues. The bank also shelved plans to pay a fourth interim dividend.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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