China HongX 170608

Although China Hongxing broke both the downtrend support (low red) and uptrend support (low blue) early on in the day, it managed to recover and close just below the 2 downtrend resistance (low pink, upp grey-long term downtrend resistance).

China Hongxing may have closed on a higher, it also hit a new low today. And it will still be some time before we can see it trading above 50 cents.



For tomorrow :

Support @ 0.456 (low pink), 0.441 (low blue), 0.435 (low red), 0.415 (low grey), 0.392 (red ...)
Resistance @ 0.462 (mid grey), 0.477 (upp blue), 0.485 (mid red, red --), 0.520 (upp pink, pink --)

Hope you find my analysis helpful. Thank you for your support !!