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CSI 300: 3750

2022-11-21
1254
Fundamental analysis:

On Friday (November 21), the two cities in A shares fell, and the Shanghai and Shenzhen 300 fell more than 1%in the morning. 850 billion, the net inflow of funds in the north was 267 million. Looking forward to the market outlook, as the policy relaxes, the market's previous concerns about economic downturn and real estate risks are being resolved. The market pessimism is expected to usher in marginal improvement. The former market is still at the bottom area of high cost performance.

CSI 300 one hour map



Technical analysis:

Looking at the 1-hour chart, the CSI 300 stopped falling after the recovery 3750 support. The MACD volume can gradually shrink on the zero axis, showing weak upper movement, supporting the support of 3750. Falling this bit to see 3700-3600.

Multi -short turning point: 3750
Resistance level: 3820.00 3900.00
Support bit: 3700.00 3600.00

Trading strategy: Watch the decline under 3750, target 3700.00 3600.00
Alternative strategy: Bullish on 3750, target 3820.00 3900.00

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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