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CSI 300: focus on 4000 points gain or loss

Fundamental analysis.

Tuesday (May 9) the three major indices rose first and then fell into the afternoon dive, CSI 300 closed down 1.1%, Shanghai and Shenzhen rose 814 shares, down 4038 shares, the two markets turnover of 1.22 trillion, the 23rd consecutive trading day exceeded 1 trillion yuan, north net buying 983 million yuan. Looking ahead, continue to maintain a positive view of the A-share market, combined with the current A-share market overall valuation level is not high, the current position of the market opportunities still outweigh the risks.

CSI 300 four-hour chart

Technical Analysis.

4-hour chart, CSI 300 in 4090 blocked obviously, there is a rapid fall, MACD volume in the zero axis has shrunk, the trend has retracement pressure, operation to run high and low suction, the current support focus on 4000 points, the upper pressure to see 4080 near.

Resistance level: 4080 4130

Support level: 4000 3940

Trading strategy: 4000 above bullish, the target 4080 4130
Alternative strategy: 4000 bearish below, the target 3940 3900

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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