The stock of HSBC ETFS PLC HSBC MSCI TURKEY UCITS ETF $ (LON:HTRD) reached all time low today, Nov, 24 and still has GBX 2.95 target or 5.00% below today’s GBX 3.10 share price. This indicates more downside for the GBX company. This technical setup was reported by Barchart.com. If the GBX 2.95 PT is reached, the company will be worth GBX less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The ETF increased 0.50% or GBX 0.02 on November 24, hitting GBX 3.1. About 22,000 shares traded hands or 1000.00% up from the average. HSBC ETFS PLC HSBC MSCI TURKEY UCITS ETF $ (LON:HTRD) has declined 18.37% since April 19, 2016 and is downtrending. It has underperformed by 23.77% the S&P500.
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