We're seeing the exact same price setup in shares of $200 billion banking giant HSBC Holdings ( HSBC) -- just in the longer-term. For HSBC, resistance comes in the form of a range from $56 to $57. More risk-averse traders should hold out for the higher level to get busted before taking on this trade. >>5 Dividend Stocks That Want to Pay You More Whenever you're looking at any technical price pattern, it's critical to think in terms of those buyers and sellers. Triangles and other pattern names are a good quick way to explain what's going on in a stock, but they're not the reason it's tradable - instead, it all comes down to supply and demand for shares. That $57 resistance level is a price where there has been an excess of supply of shares; in other words, it's a place where sellers have been more eager to step in and take gains than buyers have been to buy. That's what makes a breakout above it so significant -- the move means that buyers are finally strong enough to absorb all of the excess supply above that price level. Since HSBC is a longer-term pattern, the 200-day moving average is the spot to keep a stop loss after buying. It's been a pretty good proxy for support on the way up.