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CSI 300: 3755

2022-11-13
341
Fundamental analysis:

On Friday (November 11), the main indexes of the two cities rose, and the Shanghai and Shenzhen 300 morning was maintained at a high level due to the rise in the peripheral market. Finally closed up 1.69%. 2826 shares of the two cities rose, 1973 shares fell, with a turnover of 1.2 trillion yuan, and the net purchase of funds north to buy 14.7 billion. Looking forward to the market outlook, after the release of CPI data in the United States in October, according to the CME Fed observation, the probability of current interest rate hike 50bp rose to 80.6%in December. A shares are expected to usher in the bottom opportunity.

CSI 300 one hour map


Technical analysis:

Looking at the 1 -hour chart, the rise of the Shanghai and Shenzhen 300 will accelerate after the 3710. At the same time, the MACD volume can re -measure over zero axis, showing that the market has further action. The current support has been moved to 3755, and the day will continue to be above this position. Looking at the bullish, the target is 3870-3950

Multi -short turning point: 3755
Resistance level: 3870.00 3950.00
Support bit: 3755.00 3700.00

Trading strategy: Watch the decline under 3755, target 3700.00 3650.00
Alternative strategy: Bullish on 3755, target 3870.00 3950.00

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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