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CSI 300: 4030 support is effective

2023-02-28
889
Fundamental analysis:

On Tuesday (February 28), the two -type V -type reversal appeared in A -shares. The Shanghai and Shenzhen 300 was highly affected by scientific and technological stocks by 0.24%in the morning. Driven by the sector, it continued to rise, and finally closed up by 0.66%. The emotional and money -making effects improved compared to the previous trading days. Looking forward to the market outlook, although the overall valuation of A shares is repaired, it is still in the lowest level. Investors are gradually improving the economic confidence in economic, and the current position does not have to be too cautious. Picking up the trend, the mid -term market opportunities are still greater than risks.

CSI 300 Four Hours Chart




Technical analysis:

Looking at the 4-hour chart, the CSI 300 opened a rebound after supporting stability near 4030. At the same time, the MACD appeared under the zero axis. The current support continues to pay attention to near 4030. -3930.

Multi -time turning point: 4030

Resistance level: 4100.00 4160.00
Support bit: 4030.00 3980.00

Trading strategy: Light on 4030, target 4100.00 4160.00
Qualification Strategy: Watch the decline under 4030, target 3980.00 3930.00

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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