i want to show/hide the password text based on the user click. But i am getting the following error saying:
export class App {
    password = \"secret\"         
        You could do something like this:
In your App class.
   _show = false
   _pwdType = 'pwd'
   toggleShow() {
      this._show = !this._show
      this._pwdType = this._show ? 'text' : 'password'
   }//toggleShow
In your html
 <input [type]="_pwdType" class="form-control" ...etc">
Having said that I like @codtex's answer better
You need to use ViewChild() instead of ContentChild()
@ViewChild(ShowHideInput) input: ShowHideInput;
check your plunk
ContentChild() is for matching inside the transcluded content. e.g. contents inside <ng-content></ng-content>
I see that in the approach from the question functionality is implemented directly in the component where the <input> is and just for the record I want to share a more elegant approach - creating a component for the purpose 
Check the demo plunkr HERE, can be useful for others.
Cheers!
//In HTML
<div>
<input [type] = "passType" placeholder="password">
</div>
<input type = "checkbox" (click)="changePasswordType()">Show Password
//In TS file
passType: string = 'password';
changePasswordType(){
if(this.passType== 'password'){
this.passType= 'text'
}else{
this.passType== 'password'
}
}
                                                                        This is a better answer. Check below:
input
<input [type]="show ? 'text' : 'password'" />
click action
<button (click)="password()">Show</button>
component
// variable
show: boolean;
constructor() {
   // initialize variable value
   this.show = false;
}
// click event function toggle
password() {
    this.show = !this.show;
}
                                                                        <input [type]="show_button ? 'text' : 'password'">
<i [class]="show_eye ? 'fa fa-eye' : 'fa fa-eye-slash'" (click)="showPassword()"> // Modify style as you need
 // variable
  show_button: Boolean = false;
  show_eye: Boolean = false;
//Function
showPassword() {
    this.show_button = !this.show_button;
    this.show_eye = !this.show_eye;
  }