Friday, September 05, 2008

HSBC weekly chart

Weekly chart for hsbc:

Price is hovering around 118, which is at the bottom supporting trendline of the symmetrical triangle. Being a symmetrical triangle, I've no idea which side it will more likely tend towards, so no comments on that. I'm looking closely at the price breaking 118 level, which might bring the level down to support at 112. That is so close to my ideal price at 100 - 110 :)

I'll wait patiently.