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CSI 300: 4100 long and short watershed

A brief analysis of the fundamentals:

On Wednesday (August 31), the trading volume of A-shares increased slightly, exceeding one trillion. Funds from northbound flows in late trading, with a net purchase of 7.9 billion throughout the day. CSI 300 closed down 0.78%. On the disk, track stocks, photovoltaics Concept and auto stocks have collectively tumbled. Looking forward to the market outlook, the adjustment since early July has come to a later stage. Policy has been strengthened to deal with economic pressure. Monetary policy has been first. Under the superposition of factors, it is expected that the volatility of A-shares will continue to increase.

CSI 300 one-hour chart

A brief technical analysis:

Looking at the 1-hour chart, the CSI 300 rebounded from 4100 and fell again, but it was supported near 4050. The overall trend is volatile. The MACD is still large below the zero axis, indicating that the market is likely to enter a wide range of fluctuations. The current resistance Still look at the 4100 line, below 4100, continue to fall, target 4050-4000, break 4130 to be bullish, target 4150-4200

Long and short turning point: 4100

Resistance: 4150.00 4200.00
Support level: 4050.00 4000.00

Trading strategy: bearish below 4100.00, target 4050.00 4000.00
Alternative strategy: bullish above 4100.00, target 4150.00 4200.00

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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