CM Trade

Download APP to receive bonus


CSI 300: bottoming out and rebounding

Fundamental analysis.

Monday (May 15) CSI 300 morning trading once fell more than 1%, after lunch in insurance and other weighted sectors to help, bottoming out rose more than 1%, lithium new energy track collective strength, stocks rose more than fell less, the two cities more than 3400 shares in the red, today's transaction 938.3 billion yuan. Looking ahead to the market, CSI 300 today is a positive signal of the bottom structure of the daily level, there is an obvious long lower shadow line in the sun, the short term and then down the space is basically sealed.

CSI 300 four-hour chart

Technical analysis.

4-hour chart, CSI 300 first down and then up "V" rebound, holding above the 3900 mark, MACD volume began to shrink under the zero axis, the market has a bottoming counter-offensive opportunities, the current support concern 3950 a line, the level above the bullish, the goal of 4050-4100 near.

Resistance:4050 4100

Support level: 3950 3900

Trading strategy: 3950 above bullish, the goal 4050 4100
Alternative strategy: 3950 bearish below, the target 3900 3850

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 Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar