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Watch the decline under the Shanghai and Shenzhen 300: 4010

2023-03-16
895
Basic face analysis:

On Wednesday (March 15), the three major indexes of A -shares rose and declined. The Shanghai and Shenzhen 300 rose 0.55%. Today, the turnover of the two cities was 818.4 billion yuan, a shrinkage of 114 billion yuan from the previous trading day. Looking forward to the market outlook, low -expected CPIs and super -expected social integration data have made the market more tangled. Chinese policies and more clear clues need to wait for "Decisive in April". The Silicon Valley Bank incident has a certain occasional nature. It does not rule out that such dot -style events have disturbed market emotions again. After judging the short -term release of overseas risk premiums, the index is expected to usher in a stable rebound.

CSI 300 Four Hours Chart



Technical analysis:

Looking at the 4 -hour chart, the Shanghai and Shenzhen 300 rebounded at once, but the ultimate trend was still slightly weakened. It was maintained under 4010. The short -term pressure was obvious. At the same time, the MACD was large under the zero axis. Continue to decide under 4010, and the target below is near 3920-3850.

Resistance level: 4010 4050

Support bit: 3920 3850

Trading strategy: 4010, go below, target 3920 3850
Extracting strategy: Bull above 4010, target 4050 4100

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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