China HongX 200508

Although China Hongx opened above the uptrend support (low blue) and downtrend support (low red ...), selling pressure throughout the day pushed it down until it broke the 0.650 support (blue --) and downtrend support (upp red).



Based on the volume distribution bars, the next significant support could be at the 0.635 level (green ...). If China Hongx opens below the 0.650 support (blue --) tomorrow, we might see it testing the 0.635 support (green ...).

If China Hongx opens above the 0.650 support (blue --), trading would probably be limited by the downtrend resistance (upp pink).

For tomorrow :

Support @ 0.635 (green ...), 0.6325 (low pink), 0.614 (low red), 0.610 (blue ...)
Resistance @ 0.646 (upp red), 0.650 (blue --), 0.661 (low red ...), 0.668 (low blue), 0.675 (upp pink)

Good Luck !!