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CSI 300: Look at the callback below 4270

2022-06-16
1055
A brief analysis of the fundamentals:

A-shares continued to increase in volume, with a turnover of nearly 130 million yuan, which was the fourth consecutive trading day that exceeded 1 trillion yuan, and the net purchase of northbound funds exceeded 13 billion yuan. rose 1.32%. Under the influence of the Fed raising interest rates, overseas factors are more unfavorable for A shares, and the structural market is likely to continue, but the short-term market may come to an end.

CSI 300 four-hour chart



A brief technical analysis:

From the 4-hour chart, the CSI 300 opened higher and moved higher but closed down, and finally failed to break through the 4270 resistance. This position was used as a dense trading area in the early stage, forming a clear suppression. The MACD showed a slight shrinkage above the zero axis. big pullback risk

Long and short turning point: 4270

Resistance: 4320.00 4450.00

Support: 4150.00 4030.00

Trading strategy: bullish above 4270.00, target 4320.00 4450.00

Alternative strategy: bearish below 4270.00, target 4150.00 4030.00

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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