China Hongx 031208

China Hongxing broke the long term downtrend resistance (upp red) today. Although today's volume was more than doubled yesterday's, it is only about half of the volume during China Hongxing's surge during end oct to early nov.

China Hongxing tested the 0.200 neckline (blue --) before ending the day just below it. Only 1 trade of 30 lots was done at 0.200. A total of 12,756 lots (11,599 lots buying up) was done at 0.195, and 21,166 lots done at 0.190 (50% buying up and selling down).

It remains to be seen if China Hongxing can maintain its uptrend momentum and break the 0.200 neckline (blue --). Or we might still continue to see it trading sideways between the 0.180 support and 0.190 neckline, which could still be profitable.


For tomorrow :

Support @ 0.190 (lightblue --), 0.180 (lightblue ...), 0.177 (low blue, upp red), 0.170 (green --)
Resistance @ 0.200 (blue --), 0.205 (upp blue), 0.215 (blue ...)