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Stocks and Indices outlook: Golden cross on the Nasdaq, Bullish setup on HSBC

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Stocks and Indices were the focus for Zak Mir, technical analysis for Zak’s Traders Café, on the Tip TV Finance Show when he joined Nick Batsford to cover a variety including HSBC, SML, as well as, the NASDAQ and the FTSE 100. Stock Outlook Mir outlined HSBC which experienced two days of consolidation at £5, and with support above the 50-DMA, it may head back towards 550. In terms of SML, Mir noted that the 50-DMA is rising, with the target back towards the 200-DMA. He also commented on PANR,

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