China HongX 250708

On 23 Jul, China Hongxing broke the 0.495 resistance (pink ...) with volume, and also tested the 0.520 resistance (pink --). The next day saw almost the same trading patter and high volume.

And today, China Hongxing broke the uptrend support (low blue) and 0.495 support (pink ...). What this means is there are now more people 'trapped' at levels 0.495 and higher.

If China Hongxing holds onto its 0.475 support (red --), we could see it trading range bound between 0.475 and 0.495 (pink ...).



For monday :

Support @ 0.475 (red --), 0.460 (green --), 0.450 (blue ...), 0.440 (low grey, blue --)
Resistance @ 0.495 (pink ...), 0.503 (low blue), 0.520 (upp grey, pink --),0.535 (upp blue, light blue --)