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CSI 300: Narrow consolidation

2023-03-05
863
Fundamental analysis:

On Friday (March 3), the main indexes of the two cities rose, and the Shanghai and Shenzhen 300 morning rose by 0.17%in the early days of military industry and Chinese -character stocks. In the afternoon, the financial stocks relayed, the index further expanded, and closed up 0.54%throughout the day. The 2640 shares of the two cities fell, 2220 shares rose, and the turnover was 869 billion yuan. Looking forward to the market outlook, the market will officially enter the "two sessions" this week. During the past important meetings, due to the expectations of related policies, the market and capital have kept the trend of watching and seeing, and the market sentiment is relatively stable. Most.

CSI 300 Four Hours Chart




Technical analysis:

Looking at the 4-hour chart, the CSI 300 maintained a consolidation near 4130. At the same time, the MACD shrinks near the zero axis, and the market has entered a short period of time. The current trend is maintained by 4030-4160 boxes. Around 4250-4300.

Multi -short turning point: 4160

Resistance level: 4160.00 4200.00
Support bit: 4080.00 4030.00

Trading strategy: Light on the 4160, target 4200.00 4300.00
Extracting strategy: Watch the decline under 4160, target 4100.00 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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