China HongX 150508

After closing below 2 major supports yesterday, China Hongx opened right on the 0.650 support level (blue --), which is also below the long term downtrend support (low red).



However, that was the lowest for China Hongx today, and it went on to recover and even tested the uptrend resistance (low blue).

If China Hongx breaks the 0.650 support (blue --), we might see it testing the 0.630 level, or even the 0.610 level (blue...).

If China Hongx trades above the downtrend support (low red ...), we could see it attempting to test the uptrend resistance (low blue) again.

For tomorrow :

Support @ 0.666 (low red ...), 0.652 (low red), 0.650 (blue --), 0.630, 0.620 (low red), 0.610 (blue ...)

Resistance @ 0.690 (low blue), 0.705, 0.715 (upp red ...), 0.720 red --)

Good Luck !!