Charts Interpretation - Hong Kong
We'll start off with the overall weekly ranking:
Now let's dive into some sectors of interest:
Conglomerates are showing strong Relative Strength even-though the absolute price shows some weakness.
Financials are outperforming on a Relative Strength basis and, on an absolute price basis, could be finding some support at the 61.8% Fibonacci retracement of the 2016 to 2018 advance.
Technology and Services are currently the weakest sectors.
Interesting week ahead!