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CSI 300: Focus on supporting 4060

2022-08-30
1053
A brief analysis of the fundamentals:

On Friday (August 26), the three major A-share indexes were mixed, and the CSI 300 closed up 0.14%, led by energy, military and other stocks. Looking forward to the market outlook, the policy will be strengthened to deal with the economic pressure. The monetary policy has already taken the lead, and the interim report will be disclosed and closed. The external inflation and recession risks are still relatively large. become the norm recently.

CSI 300 one-hour chart


A brief technical analysis:

From the 1-hour chart, the CSI 300 continued to be under pressure below 4130, and at the same time obtained short-term support above 4060, but the MACD continued to expand below the zero axis, indicating that the market has further downward momentum, and is below 4130 within days Continue to be bearish, while paying attention to support 4060, above 4060 to see rebound 4130-4200, below 4060 to see 4000-3950

Long and short turning point: 4060

Resistance: 4130.00 4200.00
Support level: 4000.00 3950.00

Trading strategy: bullish above 4060.00, target 4130.00 4200.00
Alternative strategy: bearish below 4060.00, target 4000.00 3950.00

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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