简体中文
ภาษาไทย
繁體中文
Indonesia
CSI 300: 4365 strong support is effective
2022-07-07
874
A brief analysis of the fundamentals:
On Thursday (July 7), A-shares rose steadily after the opening bell. New energy concept, automobile, and track stocks soared. The total turnover of the two cities was 1,053 billion yuan, and the CSI 300 closed up 0.44%. As the short-term adjustment of A-shares is suspended, incremental policies are expected to be introduced one after another in July. The superimposed fundamental data continues to improve, economic expectations are revised upwards, and investors' concerns about risks have dropped significantly. A-shares still have an upward inertia in the short term.
CSI 300 one-hour chart
A brief technical analysis:
Looking at the 1-hour chart, the CSI 300 stopped falling again after pulling back to the 4385-4365 area support, and the MACD began to level above the zero axis after the top divergence volume was extremely shortened, indicating that the market may continue to adjust around the support, and within days 4365 Above is still a bullish trend, and below 4365 can confirm that the trend turns short. Focus on 4365 during the day, above this level is still regarded as a bullish
Long-short turning point: 4365
Resistance: 4450.00 4520.00
Support level: 4365.00 4280.00
Trading strategy: bullish above 4365.00, target 4450.00 4520.00
Alternative strategy: bearish below 4365.00, target 4280.00 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.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
