CSI 300: Consolidation within a narrow range

Fundamental analysis:

On Wednesday (April 12), the three major indexes were mixed. The Shanghai and Shenzhen 300 rose 0.41%. The two markets rose by 3,100 shares and fell by 1,705 shares. Looking forward to the market outlook, since the beginning of the year, the phenomenon of "spring restlessness" in the market has been obvious. The market is facing the contradiction between excessive concentration of transactions and a slowdown in total transactions. In addition, the weight of performance pricing has increased as the quarterly report approaches. big.

CSI 300 four-hour chart

Brief technical analysis:

Looking at the 4-hour chart, the Shanghai and Shenzhen 300 continued to organize in a narrow range above 4000 points, and the MACD volume was able to flatten above the zero axis. The current trend is still upward, and the support continues to focus on around 4080. Above this level, look around 4150-4200 .

Resistance: 4150 4200

Support level: 4080 4000

Trading strategy: call above 4080, target 4150 4200

Alternative strategy: bearish below 4080, target 4000 3900