STOCKWATCH: HSBC to hold for mid-term; supporting stance HK$90

HSBC Holdings (0005) has lost over 20% in a month. Charts reflect a sign of regaining stability at HK$90 level, plus turnover saw definite increase, showing absorption at low has begun. If no bad news should come, further plunge is expected to have limited space. Absorption as mid-term hold is advisable. Supporting stance is set at HK$90. Initial resistance set at HK$95.

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