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CSI 300: 3780

2022-10-19
1057
Fundamental analysis:

On Tuesday (October 18), the main indexes of the two cities of A shares rose and declined, and the Shanghai and Shenzhen 300 closed up 0.13%throughout the day. The market performance was more cautious. Most of the stocks fell, and the effect of making money was significantly reduced. Looking forward to the market outlook, the current characteristics of the A -share bottom are obvious. Although there are still uncertain factors disturbance in the peripheral environment, the toughness and value of A shares are prominent.

CSI 300 one hour map



Technical analysis:

Looking at the 1 -hour chart, the Shanghai and Shenzhen 300 rebounded further above the 3780, and the rebound was blocked near 3860. The index is expected to continue to rebound further. At present, the support is mainly concentrated near 3780. 3900-3950.

Multi -time turning point: 3780

Resistance level: 3900.00 3950.00
Support bit: 3720.00 3680.00

Trading strategy: Bullies above 3780.00, target 3900.00 3950.00
Alternative strategy: Watch the decline under 3780.00, target 3720.00 3680.00

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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