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Charts Interpretation - Hong Kong


We'll start off with the overall weekly ranking:

Now let's dive into some sectors of interest:

Although the Conglomerates and Telecom sectors are still below their 40-week Moving Average on an absolute price basis, it is in relative terms vs. the HSCI that they are both currently most interesting. The Conglomerates are breaking out of a 2 year downtrend. The Telecom sector is breaking out of a basing pattern and also showing a bullish divergence on the RSI.

Interesting week ahead!

Jay

#HongKong #Relative

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