Hand Seng Lags; NETW and TUI attract interest | RRG Research X CMC Markets
Channel: CMC Markets plc
Date: 2022-09-16

In this video, Julius dives into global stock market performance and explains how RRG data can be used to scan the market for stocks with growth potential.  

He kicks off with a view of sector rotation and highlights that the S&P 500 (SPX) is currently curled up inside the weakening quadrant and moving back to the leading quadrant again. He adds that the price chart of the Hang send Index shows a strong downturn and is about to break below its previous lows. 

After that, Julius scans a large universe of stocks using RRG and highlights potential trade ideas of stocks that both have an increasing RRG-Velocity over 2-periods and are trading above their 10-day moving averages. More specifically, he looks at the action of NETW (Network International Holdings Plc) and TUI, specifically detailing the key support price/zone for each. 

 

Julius's Article: Hang Seng Lags; NETW and TUI attract interest - TBD 

 

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