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CSI 300: Focus on 4010 pressure

2023-05-11
896
Fundamental Analysis.

Thursday (May 11) the three major indices closed mixed, CSI 300 closed down 0.29%, the two cities 3066 shares rose, 1733 shares fell, northward funds net buying 29.36 million yuan. Looking ahead, the economy in the second half of the slow recovery rhythm, is expected to A-share market volatility pivot up, this year is expected to come out of the "long bull" market.

CSI 300 four-hour chart



Technical analysis.

4-hour chart, CSI 300 further fall below 4000 points, the short-term trend of weakness, MACD volume in the zero axis under the volume, there is a pullback pressure, the current 4010 pressure is obvious, the level continues to look down, the target 3960-3930 near

resistance level: 4010 4080

Support level: 3960 3930

Trading strategy: 4010 above bullish, the target 4080 4130
Alternative strategy: 4010 below bearish, the target 3960 3930

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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