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CSI 300: Follow 4100 support

Fundamental analysis:

On Tuesday (February 22), the two cities in A shares fell, and the Shanghai and Shenzhen 300 were weakly shocked throughout the day. By 783 billion, the net funds sold in the north sold 4.73 billion. Looking forward to the market outlook, the current spring market can be regarded as the early stage of the bull market. From the perspective of the market rhythm, it is expected that the overall A -shares will show upward trend in 2023. Essence

CSI 300 Four Hours Chart

Technical analysis:

Looking at the 4-hour chart, the CSI 300 stopped falling after the callback 4100. The multi-head trend is expected to continue. At the same time, the MACD began to make a small amount on the zero axis. The current support still pays attention to 4100. See 4060-4000

Multi -short turning point: 4100

Resistance level: 4180.00 4250.00
Support bit: 4100.00 4000.00

Trading strategy: Bullish above 4100, target 4180.00 4250.00
Qualification Strategy: Watch the decline under 4100, 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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