• Jay

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!


#HongKong #Relative #Sectors #Weekly #ranking #ChartsInterpretation