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CSI 300: Power Movement 3990

Basic face analysis:

On Thursday (March 16), the two cities in the two cities of A shares fluctuated in the early morning, and further declined in the afternoon. The Shanghai and Shenzhen 300 closed up 1.12%throughout the day. The 4,300 shares of the two cities fell The turnover was 845 billion yuan, and 780 million yuan in funds in the north. Looking forward to the market outlook, the total amount and structure of the social finances in February have exceeded the expected improvement. The growth rate of new social merit and medium -term social finances has changed again since April last year. A shares will be expected to return to the upward cycle.

CSI 300 Four Hours Chart

Technical analysis:

Looking at the 4 -hour chart, the Shanghai and Shenzhen 300 continued to weaken under 4010, and the pressure appeared again. At the same time, the amount of MACD was still large under the zero axis, showing that the short kinetic energy was still strong. The resistance was currently moved down to 3990. Continue to see the drop, the target below is near 3900-3850.

Resistance position: 3990 4050

Support bit: 3900 3850

Trading strategy: 3990 to see, target 3900 3850
Extracting strategy: Bull above 3990, target 4050 4100

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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