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CSI 300: Overseas Settlement

Fundamental analysis:

On Tuesday (March 7), the three major indexes of A -shares fell together, and the Shanghai and Shenzhen 300 rushed up. In the early section, the Chinese character driving the next 0.6%. In the afternoon, with the continued decline in Chinese characters and the decline in science and technology stocks, the decline in science and technology stocks expanded. The index fell all the way, and finally closed 1.1%. Looking forward to the market outlook, the active factors that affect the market are gradually accumulating. Economic activities continue to repair and exceed market expectations. The two sessions continue to convey steadily growth and promote reform signals. RMB has room for appreciation. Foreign capital is expected to return to net inflows.

CSI 300 Four Hours Chart

Technical analysis:

Looking at the 4-hour chart, the Shanghai and Shenzhen 300 continued to fall down under 4100. At the same time, MACD continued to shrink near the zero axis, and the market continued to organize. The current trend maintained 4030-4160 boxes. Otherwise, the maintenance interval is consolidated.

Multi -time turning point: 4030

Resistance level: 4160.00 4200.00
Support bit: 4030.00 3980.00

Trading strategy: Light on 4030, target 4100.00 4160.00
Extracting strategy: Watch the decline under 4030, target 3980.00 3920.00

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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