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CSI 300: Bullish above 3930

2023-05-22
737
Fundamental Analysis.

Monday (May 22) the three major indices rebounded in shock, the Shanghai and Shenzhen 300 closed slightly up 0.39%, the two cities more than 2,800 shares rose. The two markets turnover of 795.4 billion, northbound funds throughout the day net buying 4.132 billion yuan, of which the Shanghai Stock Exchange net buying 3.469 billion yuan, the Shenzhen Stock Exchange net buying 663 million yuan. Looking ahead, the A-share market is still in a period of investment opportunities, market opportunities than risks, there is no need to be too cautious about the market.

CSI 300 four-hour chart



Technical analysis.

4-hour chart, CSI 300 stabilized above 3930, MACD volume in the zero axis under a small lock volume, the short-term market is expected to start the rebound, support focus on 3930 near, resistance level focus on 4000 points, strategy to high short low.

Resistance: 4050 4100

Support level: 3950 3900

Trading strategy: 3930 above bullish, the target 4000 4050
Alternative strategy: 3930 below bearish, 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.

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