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  • Jay

Charts Interpretation - Hong Kong

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!


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