HSBC Holdings: 2 targets hit, the third window approaching

HSBC Holdings is at week 8 of an active buy signal. 2 of the 3 targets of our most advanced model have already been hit; the third management window arrives at week 10. The trade is up 1.54% from entry, with the dynamic stop already past breakeven, but the technical picture shows weakness signals: MACD is in a bearish crossover and the confirmation week closed higher despite a deteriorating structure.