CSI 300: 3755-3800 interval consolidation

Fundamental analysis:

On Wednesday (November 23), the major indexes rose and declined. The Shanghai and Shenzhen 300 was mainly about narrow shocks throughout the day. Buy 1.565 billion yuan. Looking forward to the market outlook, investors will start to pay attention to the economic or monetary policy of 2023 in November to December. The index has the possibility of V-type reversal. The follow-up catalysts are the Central Economic Work Conference in December, the United States inflation, and March 2023 Two sessions.

CSI 300 one hour map

Technical analysis:

Looking at the 1-hour chart, the CSI 300 stopped falling again after the callback 3755. At present, the consolidation trend is formed in 3755-3800. The MACD energy column shrinks near the zero axis. 3755 look at 3700-3600.

Multi -short turning point: 3755

Resistance level: 3800.00 3900.00

Support bit: 3700.00 3600.00

Trading strategy: Watch the decline under 3755, target 3700.00 3600.00

Alternative strategy: Bullish on 3755, target 3800.00 3900.00