HSBC near all-time highs: three targets hit, model recommends trimming

HSBC Holdings is in week 10 of an active buy signal with a gain of 6.82%. The stock is trading 0.75% from its all-time high, and all 3 statistical targets of the model have been met on schedule. The confirmation week closed bullish, but the model rates the setup as technically weak and recommends cautious trimming to lock in profit.