A shares fell again after resistance, CSI 300 successor is weak

A brief analysis of the fundamentals:

On Wednesday (May 18), the stock indexes of the two cities opened for regular trading, and they rose and rose for a while in the afternoon, but they fell again and turned green in the late trading. The CSI 300 continued to fluctuate within a narrow range and closed at 3981.2 points. The two cities traded about 770 billion yuan a day, and the net sales of northbound funds exceeded 2 billion yuan. After each big rebound, the trading volume cannot keep up, which is a weak signal, indicating that the demand is insufficient, and it is easy to brew a correction. It is expected that A shares will still be dominated by weak shocks.

CHINA300 4-hour chart

A brief technical analysis:

Looking at the 4-hour chart, the CSI 300 is in a narrow range after being blocked by the 55 moving average. The long-short game is stuck, the moving average system is flat, 3960 has become a watershed between long and short, the MACD green column has shortened, and the RSI indicator has been flat. big.

Long and short turning point: 3960.00

Resistance: 4165.00 4315.00

Support level: 3780.00 3650.00

Trading strategy: bullish above 3960.00, target 4165.00 4315.00

Alternative strategy: bearish below 3960.00, target 3780.00 3650.00