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CSI 300: Low shock

2023-05-18
831
Basic face analysis:

The three major indexes closed down on Thursday (May 18), and the Shanghai and Shenzhen 300 index rose 0.4%. The two cities rose 2447 shares, 2,300 shares fell, with a total of 879.9 billion yuan, and 1.836 billion yuan in net funds in the north. Looking forward to the market outlook, the macro data turns weakened AI and Zhongte's estimated market cooling, and the market has recently emerged large adjustments. From the valuation, the current A -share valuation is still low. Emotional repair.

CSI 300 Four Hours Chart



Technical analysis:

Looking at the 4 -hour chart, the CSI 300 was blocked under 4000 points. The MACD volume could start to measure under the zero axis. The market entered a wide range of shocks. It supports the support of the 4000 points near 3930. The strategy is mainly high and low.

Resistance position: 4050 4100

Support bit: 3950 3900

Trading strategy: Bull above 3930, target 4000 4050
Essential strategy: 3930, go below, target 3900 3850

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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