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CSI 300: 3800 to see the decline

2022-11-10
460
Fundamental analysis:

On Wednesday (November 9), the two cities shrink again, and the enthusiasm of market traffic continued to decline. As of the closing, the Shanghai and Shenzhen 300 fell 0.53%, the two cities rose in 2022, the 2691 shares fell, the turnover dropped to 778 billion, and the funds went north to the north. Solding 680 million yuan. Looking forward to the market outlook, at the current stage, the index fluctuating momentum, after the short -term shock and differentiation, the repair of market risk preferences is expected to continue.

CSI 300 one hour map




Technical analysis:

Looking at the 1 -hour chart, the Shanghai and Shenzhen 300 maintained under 3800, and the trend is biased towards weakness. At the same time, the MACD volume can shrink slightly above the zero axis, showing that the market is weaker or further in the short term. At 3800, the decline of 3800, the target below 3650-3580

Multi -time turning point: 3800
Resistance level: 3800.00 3900.00
Support bit: 3650.00 3580.00

Trading strategy: Watch the decline under 3800, target 3650.00 3580.00
Alternative strategy: Bullies above 3800, target 3900.00 3960.00

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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