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CSI 300: Follow 3710 support

2022-11-08
377
Fundamental analysis:

On Tuesday (November 8th), the two cities led the bottom up. The 300th section of the Shanghai and Shenzhen reached the largest decline in the day after the day rebounded, and finally closed down 0.43%. The 2796 shares of the two cities fell, and 1956 shares rose. The market risk appetite fell significantly. The turnover fell below trillion. Looking forward to the market outlook, from the perspective of risk preferences, compared with the adjustment of the market in the third quarter, the main market line has been clearer since October, and the money -making effect has gradually appeared. It is essentially a process of risk preferences. The G20 and APEC meetings are expected to see the opportunity to improve the relationship between great powers at that time, which will help continue to improve the risk appetite of the market.

CSI 300 one hour map




Technical analysis:

Looking at the 1 -hour chart, the CSI 300 maintained above 3710. The short -term callback but did not change the uplink structure. At the same time, the MACD volume can still be larger above the zero axis, showing that there is room for further rise in the show. On the top 3710, it will continue to look at the upbringing.

Multi -short turning point: 3710

Resistance level: 3820.00 3900.00
Support bit: 3710.00 3630.00

Trading strategy: Watch the decline under 3710, target 3710.00 3630.00
Alternative strategy: Bullish on the 3710, target 3820.00 3900.00

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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