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CSI 300: Division consolidation continues

2022-11-27
1245
Fundamental analysis:

On Friday (November 25), the three major indexes rose and declined. The 300 -Shenzhen -Shenzhen -Shenzhen -Shenzhen -Shenzhen weights rose by 0.4%, the two cities fell 3346, 1519 rose, with a turnover of 740 billion yuan. Looking forward to the future, the medium -term variables of the stock are still the "composite policy bottom" framework. The biggest change in the recent real estate policy is from improvement of demand to ensure supply. Driven by, the index is expected to usher in strengthening.

CSI 300 one hour map




Technical analysis:

Looking at the 1-hour chart, the CSI 300 stopped falling again after the callback 3755. At present, the consolidation trend is formed in 3755-3800. The MACD energy column shrinks near the zero axis. 3755 look at 3700-3600.

Multi -short turning point: 3755
Resistance level: 3800.00 3900.00
Support bit: 3700.00 3600.00

Trading strategy: Watch the decline under 3755, target 3700.00 3600.00
Alternative strategy: Bullish on 3755, target 3800.00 3900.00

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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