China HongX 240408

China Hongx opened opened above the 0.650 support (blue --) and downtrend resistance (low red) today.



China Hongx also broke the uptrend resistance turned support (mid blue), long term downtrend resistance (mid black), and also went on to test the 0.720 resistance level (red --) and uptrend resistance (upp blue).

The break out today was also accompanied by a new high in volume.

If China Hongx opens above the uptrend support (mid blue) tomorrow, there's a high chance we might see China Hongx test the 0.720 resistance level (red --) again.

If China Hongx breaks below the downtrend support (low red), we might see it consolidating at the 0.650 support level (blue --).

For tomorrow :

Support @ 0.708 (light blue), 0.685 (mid blue), 0.681 (mid black), 0.662 (low red), 0.650 (blue --)
Resistance @ 0.720 (upp red, red --), 0.732 (upp blue), 0.762 (upp black)

Good Luck !!