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Charts Interpretation - Hong Kong

  • Writer: Jay
    Jay
  • Aug 26, 2018
  • 1 min read

We'll start off with the overall weekly ranking:

Now let's dive into some sectors of interest:

The Energy sector was placed on the watch-list for an upgrade. While still range bound in absolute price, is breaking out of a year long bottoming process with momentum holding in a bullish range.

The Services, Industrial Goods and Consumer Goods sectors are stabilizing their downtrend at the 50% Fibonacci retracement level of their respective 2016-2018 advance.

Interesting week ahead!

Jay

 
 
 

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