China HongX 020508

China Hongx managed to open above the downtrend resistance-turned-support (red ...) today, and it almost tested the uptrend resistance (upp blue) and the 0.720 resistance level (red --).



However, volume was less than the previous trading day's (32.7m vs 36.5m). So we might see China Hongx trading sideways next week around the 0.700 level.

If China Hongx can maintain above the uptrend support (mid blue), we might still see it testing the 0.720 resistance level next week.

However, if it breaks the uptrend support (mid blue), we might see China Hongx testing the 0.680 level.

For monday :

Support @ 0.690 (mid blue, low red ...), 0.660 (mid black, low blue), 0.650 (blue --), 0.642 (upp red)

Resistance @ 0.720 (red --), 0.725 (upp blue), 0.740 (upp black, upp red ...)

Good Luck !!