CSI 300: 4010 turn to resistance

Fundamental analysis.

Wednesday (May 10) the three major indices pulled up after lunch, closing mixed, CSI 300 fell 1.15%, the two markets for the day turnover of 1.02 trillion yuan, a total of 2,909 shares rose, 1864 shares fell, northward funds bought a substantial net 5.571 billion yuan. Looking ahead, combined with the current internal and external environment, continue to maintain a positive view of the A-share market, the current position of the market opportunities still outweigh the risks.

CSI 300 four-hour chart

Technical Analysis.

4 hours chart, CSI 300 further fall below 4000 points, short-term trend weakening, MACD volume under the zero axis has been released, there is a pullback pressure, the current support 4010 has been transformed into pressure, the level continues to look down, the target 3960-3930 near

resistance level: 4010 4080

Support level: 3960 3930

Trading strategy: 4010 above bullish, the target 4080 4130

Alternative strategy: 4010 below bearish, the target 3960 3930