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Neighbour: Why HSBC is a buy
HSBC (LON: HSBA) shares have big potential this Friday, according to Central Markets' Joe Neighbour. He says they've recently completed a triple bottom formation on the breakthrough resistance at 635p. The subsequent pullback to test the support has held nicely which has led to the creation of a bull flag. This bullish continuation pattern completed last week and the shares look set to move higher. The relative ratio also looks bullish and supports this buy recommendation.
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