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CSI 300: 3086

2023-01-17
989
Fundamental analysis:

On Tuesday (November 17), the main indexes of the two cities of A -shares rose and declined. The Shanghai and Shenzhen 300s were weakly shocked throughout the day, and the closing of 0.1%. From the perspective of the market, the market performed more cautiously after the recent rise, the transaction volume shrunk significantly The turnover was 707.1 billion yuan, and the funds in the north accelerated in the close of the closing. The net purchase was 9.288 billion yuan throughout the day, which was bought for 10 consecutive days. Looking forward to the market outlook, in the context of not living in housing, "asset shortage" is favorable to support A shares valuation. In the future, with the continuous improvement of economic data, A shares are expected to slowly rise in the shock. According to historical data, A shares have a high probability that the "Spring Festival restlessness" is ushered in before and after the Spring Festival.

CSI 300 one hour map




Technical analysis:

Looking at the 1 -hour picture, the CSI 300 consolidates near 1450, and the high level forms a stagnation situation. The target is around 4200-4250.

Multi -short turning point: 4086

Resistance level: 4200.00 4250.00
Support bit: 4086.00 4030.00

Trading strategy: Barrow on 4086, target 4200.00 4250.00
Alternative strategy: Watch the decline under 4086, target 4030.00 3980.00

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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