The four major tracks collectively exerted their efforts, and A shares ushered in a long-lost surge

A brief analysis of the fundamentals:

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On Wednesday (February 16), the Shanghai and Shenzhen markets opened higher across the board, and the large infrastructure sector made a comeback. After opening higher, the CSI 300 fluctuated within a narrow range and closed at 4,611.6 points. The total transaction volume of the two cities was 807 billion yuan, and the net sales of northbound funds was 3.544 billion yuan. The characteristics of the stock game are obvious. With the gradual accumulation of market confidence and the gradual weakening of foreign news, A is expected to rebound again, but it needs the cooperation of volume and energy.

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CHINA3004 hour chart

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A brief technical analysis:

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Looking at the 4-hour chart, the CSI 300 fluctuated in a narrow range after opening higher, and the sideways continued to be obvious. The moving average system was still in a short position, the MACD green column was shortened, and the RSI indicator was flat.

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Long-short turning point: 4615.00

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Resistance level: 4700.004790.00

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Support level: 4520.004450.00

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Trading strategy: bearish below 4615.00, target 4520.004450.00

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Alternative strategy: bullish above 4615.00, target 4700.004790.00