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Continue to decide under the Shanghai and Shenzhen 300: 3780

2022-10-11
1094
Fundamental analysis:

On Monday (October 10), the two cities in the two cities fell down in the afternoon, and the CSI 300 fell below the short -term low in the previous short -term, and it was a new low since the callback. Nearly 4,000 shares in the two cities fell, 840 shares rose, with a turnover of 628 billion yuan, and 1.431 billion yuan in net funds in the north. Looking forward to the market outlook, the market has been adjusted recently, but considering the weakness of economic and corporate profits and the impact of risk events that occur from overseas from time to time, the market is expected to maintain a shock in the short term. Essence

CSI 300 one hour map





Technical analysis:

Looking at the 1 -hour chart, the CSI 300 entered the accelerated decline after falling below the 3820 support. At the same time, the MACD continued to shrink down under the zero axis, showing that the trend continued to fall. Looking at the decline, the target below is 3700-3660.

Multi -time turning point: 3780

Resistance level: 3780.00 3820.00
Support bit: 3700.00 3660.00

Trading strategy: Bullies above 3780.00, target 3820.00 3850.00
Alternative strategy: Watching down under 378,000, target 3700.00 3660.00

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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