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CSI 300: 4060-4160 range

2023-02-23
904
Fundamental analysis:

On Thursday (February 23), the A -share market was narrowed and fluctuated throughout the day. The three major indexes rose and declined. As of the closing, the Shanghai and Shenzhen 300 fell 0.11%. The net purchase was 492 million yuan, and the Shenzhen Stock Connect was sold 2.642 billion yuan. At present, the factors that suppress A -share investors' emotions are still geopolitics, contraction of the US dollar, and economic downturn. However, these three major factors have gradually improved, and A shares are expected to enter the bull market. During the year, foreign capital inflows in A shares sharply, actively doing more Chinese assets, and the mid -line can still pay attention to.

CSI 300 Four Hours Chart


Technical analysis:

Looking at the 4-hour chart, the CSI 300 appeared consolidation after the recovery 4100. At present, it is surrounded by 4100 rectification. At the same time, the MACD shrinks near the zero axis. The short-term trend is not clear. The consolidation range is 4060-4160. host.

Multi -short turning point: 4100

Resistance level: 4180.00 4250.00
Support bit: 4100.00 4000.00

Trading strategy: Bullish above 4100, target 4180.00 4250.00
Qualification Strategy: Watch the decline under 4100, target 4000.00 3950.00

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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