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CSI 300: 3780

2022-11-21
1217
Fundamental analysis:

On Friday (November 18), the two cities of A shares continued to decline after the afternoon rushing slightly in the afternoon. The Shanghai and Shenzhen 300 closed down 0.58%throughout the day. Entry 5.12 billion yuan, buying net for 6 consecutive trading days. Looking forward to the market outlook, the current overall valuation and risk premium of A shares show that the market has hovered in the bottom range, and the market has some expectations for overseas interest rate hikes. However, in view of the repeated domestic epidemic dispersion, the performance of the later index may still be affected. Comprehensive comprehensive, comprehensive Boomsses still need to wait.

CSI 300 one hour map




Technical analysis:

Looking at the 1-hour chart, the Shanghai and Shenzhen 300 stopped falling above the recovery 3780 support. The MACD volume can gradually shrink on the zero axis, showing weak upper movement, supporting the support to focus on 3780. 3980, falling below this position 3700-3600.

Multi -time turning point: 3780
Resistance level: 3870.00 3980.00
Support bit: 3780.00 3700.00

Trading strategy: Watch the decline under 3780, target 3700.00 3650.00
Alternative strategy: Bullish on 3780, target 3780.00 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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