CSI 300: 3780 continues to strengthen

Fundamental analysis:

On Monday (October 17), the two cities opened low, and the Shanghai and Shenzhen 300 closed up 0.42%throughout the day. The two cities rose over 3,900 shares. The concept of subject matter is active. Looking forward to the market outlook, the domestic economic and policies are expected to gradually become clear. The pressure of high interest rate hikes and rapid depreciation of the RMB in Europe and the United States has passed. The negative impact on the market has gradually weakened. The comprehensive restoration of A shares has started, and it is expected to continue.

CSI 300 one hour map

Technical analysis:

Looking at the 1 -hour chart, the Shanghai and Shenzhen 300 continued to strengthen 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