HSBC is trading above both the 20-day and 50-day EMA lines, signaling short- to medium-term bullish momentum. Meanwhile, the MACD bullish crossover suggests that the stock could see further upside as long as it stays above key support levels. In the long term, the stock remains in an uptrend, supported by consistent EMA levels and the formation of higher highs
Net profit will remain stable for the next 3 years with strong net margins of more than 33%.
Source: Rakuten Research - 26 Nov 2024
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Created by rakutentrade | Nov 22, 2024