CSI 300: Focus on 4160

Fundamental analysis:

On Thursday (March 2) A shares, the three major indexes fell together. The CSI 300 shocked throughout the day, a closing of 0.05%, 3100 shares in the two cities, rising 1700 shares, 933 billion in turnover. Entry 760 million. Looking forward to the market outlook, the current market differences in economic recovery and policies are expected. With the disclosure of economic data in March and April, and the setting of the two sessions and the Politburo meeting, it will eventually be fulfilled and unified. The current market is still in a window that is waiting for the strength of the economic recovery, or a window where the signal that further relaxes the policy.

CSI 300 Four Hours Chart

Technical analysis:

Looking at the 4-hour chart, the CSI 300 continues to turn on the rebound after supporting stability near 4030. At the same time, the MACD shrinks under the zero axis. The market is expected to start attack. The current trend is 4030-4160 to form a box. Open the uplink space and look around 4250-4300.

Multi -short turning point: 4160

Resistance level: 4160.00 4200.00

Support bit: 4080.00 4030.00

Trading strategy: Light on the 4160, target 4200.00 4300.00

Extracting strategy: Watch the decline under 4160, target 4100.00 4030.00