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Tuesday, November 25, 2008

China Hongx 251108

China Hongxing continues to trade (more or less) between the 0.180 support (lightblue ...) and 0.190 resistance (lightblue --), probably trying to form a base. However, China Hongxing has been closing low the last 2 days, So I'm not sure how long more the 0.180 support can hold.

If the support breaks, the selling could come fast and furious, and China Hongxing could re-test the end oct lows.

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For tomorrow :

Support @ 0.180 (low blue, lightblue ...), 0.170 (green --), 0.165 (mid red), 0.140 (low red)
Resistance @ 0.190 (lightblue --), 0.197 (upp blue), 0.200 (blue --), 0.205 (upp red)
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