China Hongx 051208

China Hongxing closed the week right on the long term downtrend resistance (upp red), and volume was about half of the last 2 days. Also, the 0.190 support (lightblue --) seems to be holding up quite well.

If China Hongxing can hold onto its 0.190 support, there's a good chance we might see some action next week as the long term downtrend (upp red) meets the 0.190 support (lightblue --).

Any break in the 0.195 resistance might see China Hongxing testing the 0.215 resistance (blue ...).

Any break in the 0.190 support might see China Hongxing re-visiting the 0.180 support (lightblue ...).


For tuesday :

Support @ 0.190 (upp red, lightblue --), 0.185 (red ...), 0.180 (lightblue --), 0.178 (low blue), 0.175 (low pink)
Resistance @ 0.195 (upp pink), 0.200 (blue --), 0.205 (upp blue), 0.215 (blue ...)