CM Trade

Download APP to receive bonus

GET

CSI 300: Follow 3880 pressure level

2022-11-30
1255
Fundamental analysis:

On Wednesday (November 30), the two cities rose rapidly near the closing. The Shanghai and Shenzhen 300 closed up 0.05%throughout the day, the city's 2890 shares fell, and 1899 shares rose. The impact of the adjustment, the end of the foreign capital poured in, and the net purchase was 4.917 billion yuan throughout the day. Looking forward to the market outlook, although factors such as the Fed's interest rate hike, geopolitics and overseas inflation treatment still bring uncertainty to A shares, in the context of relatively loose fluidity in China, superposition December is still the window period of important meetings. From the perspective of historical data, A shares are expected to usher in the New Year's Eve.

CSI 300 Four Hours Chart




Technical analysis:

Looking at the 4 -hour chart, the Shanghai and Shenzhen 3000 continued to strengthen at the top 3680 in front of the low point. The MACD energy column began to volume above the zero axis. It is expected to continue the upward trend during the day.

Multi -time turning point: 3880
Resistance level: 3880.00 4000.00
Support bit: 3800.00 3680.00

Trading strategy: Watch the decline under 3880, target 3800.00 3680.00
Alternative strategy: Bullish on 3880, target 3950.00 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