Telecom & Utilities电信与公用事业

DOWNTREND下跌趋势
AVOID回避 Downtrend — stand aside until a new cycle low forms and confirms.下跌趋势——观望，直至新的周期低点形成并确认。

⏱ DOWNTREND signal just triggered today (fresh cross from BUY ZONE). Signal strength: strong (score -80/100).⏱ 下跌趋势信号于今日刚刚触发（全新交叉，自买入区翻转）。 信号强度：强（评分 -80/100）。

📅 Daily cycle: day 27 of a typical 23–44 trading days日线周期：第 27 天，典型周期为 23–44 个交易日 — inside the typical low-timing window — a dip is more likely from here, though the trend can keep running处于典型的低点时间窗口内——从此处回调概率更高，但趋势仍可能延续
🗓 Weekly (investor) cycle: week 12 of a typical 13–25 weeks周线（投资者）周期：第 12 周，典型周期为 13–25 周 — mid — the bigger up-leg is maturing中期——更大的上行段正在成熟
The last cycle peaked in its SECOND half ('right-translated') — strong cycles top late, a healthy-uptrend sign.上一周期在后半段见顶（“右移”）——强周期见顶偏晚，属于健康上涨趋势的信号。
full reasoning完整推理

Failed cycle — price broke below the low that started this cycle, which historically means the larger trend is rolling over (~80% of cases).失败周期——价格跌破了启动本周期的低点，历史上这通常意味着更大的趋势正在掉头向下（约 80% 的情形）。 Next:下一步： Stand aside until a new daily cycle low forms and confirms.观望，直至新的日线周期低点形成并确认。

Momentum across timeframes跨周期动量

Chart — sector basket图表 — 板块篮子

Equal-weight basket index (rebased) · 50/200-day moving averages · drawn from our stored EOD prices (the free TradingView widget gates HKEX data behind a login)等权篮子指数（再基准化）· 50/200 日均线 · 由我方存储的日线数据绘制（免费版 TradingView 组件需登录才能查看港股数据）

Key constituents — each on its own cycle主要成分股 — 各自的周期 ?Representative large-caps in this sector — this sector's curated large-caps (not a float-cap index). Each gets the same cycle/ladder treatment. Click a name for the full single-stock analysis.本板块中具代表性的大盘股 — 本板块精选的大盘股（并非按自由流通市值编制的指数）。每只都享有相同的周期／阶梯分析。点击名称查看完整个股分析。

China Mobile 0941.HK BOTTOMING筑底中 BUY SOON即将买入 ⏱ today今日 daily cycle day日线周期第 23/~44 天
China Unicom 0762.HK UNCONFIRMED TURN未确认转向 UNCONFIRMED — HIGH RISKUNCONFIRMED — HIGH RISK ⏱ 4d ago4天前 daily cycle day日线周期第 19/~44 天
China Telecom 0728.HK BOTTOMING筑底中 BUY SOON即将买入 ⏱ 11d ago11天前 daily cycle day日线周期第 26/~44 天
CLP Holdings 0002.HK UNCONFIRMED TURN未确认转向 UNCONFIRMED — HIGH RISKUNCONFIRMED — HIGH RISK ⏱ 2d ago2天前 daily cycle day日线周期第 28/~44 天
HK & China Gas 0003.HK BOTTOMING筑底中 BOTTOMING · UNCONFIRMED — WAITBOTTOMING · UNCONFIRMED — WAIT ⏱ 2d ago2天前 daily cycle day日线周期第 22/~44 天
CK Infrastructure 1038.HK BOTTOMING筑底中 BOTTOMING · EXTENDED — WAITBOTTOMING · EXTENDED — WAIT ⏱ today今日 daily cycle day日线周期第 24/~44 天
Power Assets 0006.HK BOTTOMING筑底中 BOTTOMING · EXTENDED — WAITBOTTOMING · EXTENDED — WAIT ⏱ today今日 daily cycle day日线周期第 24/~44 天