5 January 2018, Friday, 1.31am Singapore Time
(Click on Relativity Chart above to Expand)
Attached above is the Technicals of the Past Half-Year Trending Relativity of the top few banks in China-Hong Kong that are listed in the HKSE. The SPDR Financial Select Sector Index is used as the bench-marking. The litmus result yields the finest breed horse from among the best of the best among some of the strongest sectors internationally (financial sector). As China is the 2nd largest economy in the world, and often in a league of their own, it would be preferable to compare banks within the HKSE ecosystem.
In the short-mid term going into 2018, the Industrial and Commercial Bank of China (ICBC) came up top while Hang Seng Bank came in 2nd among the pack. The trend is one's best friend when it comes to performance. The edge usually lasts long. Both ICBC and Hang Seng bank are also performing far superior compared to the industry. The trend is likely to carry on.
If one is a Chinese investor with appetite for international/China-HK exposure, then the Industrial and Commercial Bank of China and Hang Seng Bank represent finest breed horses. These are likely to be hard to fall while possessing strong legs to run up smoothly without much resistance for 2018.
DNA Technical Rating:
Continue to be Very Bullish
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