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Charts Interpretation - Hong Kong

  • Writer: Jay
    Jay
  • Oct 28, 2018
  • 1 min read

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!

Jay

 
 
 

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