China Hongx 051108

After breaking the downtrend resistance (upp red) yesterday, China Hongxing came straight back down to earth today, closing just below the downtrend resistance (upp red). The 0.230 resistance (red --) seems a little difficult to break at the moment.

Tomorrow could be crucial for China Hongxing as we're looking if it could hold onto its 0.205 support (blue --), which is where the downtrend resistance (upp red) meets the uptrend support (low blue).

If the 0.205 support breaks, we could see China Hongxing testing the 0.190 support (lightblue --) or even the 0.180 support (lightblue ...).



For tomorrow :

Support @ 0.205 (blue --, low blue, upp red), 0.190 (lightblue --), 0.180 (lightblue ...), 0.165 (mid red, pink ...)

Resistance @ 0.215 (blue ...), 0.230 (red --), 0.235 (upp blue), 0.245