CSI 300: 4065 converted to resistance

Basic face analysis:

On Friday (April 21), the three major indexes fell in the afternoon. The Shanghai and Shenzhen 300 closed down 1.95%. The two cities rose 556 shares, down 4371 shares, and the turnover of the two cities was 122 million. Looking forward to the market outlook, in the early days of recovery, there is still an uneven state of economic recovery. In particular, there are still some challenges in the employment situation. Recently, there is further increase in policy. From the perspective of seasonal laws, the probability of rising in October and November is usually the largest. The probability of rising in March and April is the smallest, and the highest increase in November, December, February, and May.

CSI 300 Four Hours Chart

Technical analysis:

Looking at the 4-hour chart, the CSI 300 has further decreased, and the short-term trend has broken. The MACD volume is about to wear a zero axis. The support of 4065 has been converted into resistance. Under 4060, the target is 4000-3940 below.

Resistance position: 4060 4120

Support bit: 4000 3950

Trading strategy: Below the drop below 4060, target 4000 3950

Extracting strategy: 4060 to see the bullish, target 4120 4170