CM Trade

Download APP to receive bonus

GET

CSI 300: Focus on 4130 resistance

2022-08-26
1012
A brief analysis of the fundamentals:

On Thursday (August 25), the major A-share indexes were mixed. The CSI 300 closed up 0.97% led by traditional energy and financial stocks. Market sentiment has rebounded. Buy 1.671 billion. Looking forward to the future, the market of the main popular tracks has not ended, and some industries are still expected to accelerate in the fourth quarter and the follow-up.

CSI 300 one-hour chart



A brief technical analysis:

From the 1-hour chart, the CSI 300 counterattacked at a low level, but it was always suppressed below 4130. The resistance level was confirmed again. The MACD volume began to shrink below the zero axis, indicating that the market may enter a rebound adjustment, before breaking 4130. Continue to be bearish, target 4050-3970 below; break 4130 to be bullish, target above 4200

Long and short turning point: 4130

Resistance: 4200.00 4250.00
Support level: 4050.00 3970.00

Trading strategy: bullish above 4130.00, target 4200.00 4250.00
Alternative strategy: bearish below 4130.00, target 4050.00 4000.00

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More