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CSI 300: Follow 4086 support

2023-01-18
1005
Fundamental analysis:

On Wednesday (November 18), the two cities and two cities of A shares were consolidated. The Shanghai Index rose and decline all day. At 3224 points, the Shenzhen Index rose 0.09%, and the GEM index fell 0.06%. The 3060 shares of the two cities rose, 1730 shares fell, and the turnover shrinking to 635 billion yuan. The capital of the north accelerated from the closure of funds in the north. Looking forward to the market outlook, the current market valuation is still at a low history. We believe that the short -term market is facing a certain disturbance in the short term of the Spring Festival, but the repair market may not have ended, and the index is expected to go well.

CSI 300 one hour map




Technical analysis:

Looking at the 1 -hour chart, the Shanghai and Shenzhen 300 runs above 4086 and it is high -level consolidation, but the MACD volume can continue to be uniformly put on the size on the zero axis, and the upward trend has not been changed. Around 4200-4250.

Multi -short turning point: 4086

Resistance level: 4200.00 4250.00
Support bit: 4086.00 4030.00

Trading strategy: Barrow on 4086, target 4200.00 4250.00
Alternative strategy: Watch the decline under 4086, target 4030.00 3980.00

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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