It's time to bank on a recovery in HSBC (HSBA), says Marcus Bullus at www.mbcapital.co.uk.
The banking giant looks like the most attractive opportunity in the sector right now, with buyers coming in to support the price above its 200-day exponential moving average. Short-term speculators can therefore go long here, placing a stop below that line. A return to its May highs offers the potential for a 10 per cent profit.
