CSI 300: Resistensi kuat di 4135

A brief analysis of the fundamentals:

On Tuesday (September 13), the main indexes of the A-share and two markets opened higher and closed higher. The CSI 300 fluctuated within a narrow range throughout the day, closing slightly up 0.05%, with a shrinking trading volume, with a turnover of 770 billion, net buying of funds from the north 3.971 billion yuan. Looking ahead, the global economy is currently in the transition stage from a "stagflation period" to a "recession period", and the global over-tightening monetary policy is about to usher in an inflection point. Once the global economy officially enters a "recession", global liquidity will become looser. The A-share index is prone to opportunities.

CSI 300 one-hour chart

A brief technical analysis:

Looking at the 1-hour chart, the CSI 300 retraced to the 4135 pressure level and then fell back. The short-term resistance has been confirmed. The MACD can continue to expand above the zero axis, indicating that the market may enter a new stage of the rebound cycle. Currently, 4135 is strong. Resistance line, see callback below this level in the day, breaking above this level will open up a new round of upward space

Long-short turning point: 4135

Resistance: 4135.00 4200.00

Support: 4060.00 4000.00

Trading strategy: bullish above 4135.00, target 4200.00 4250.00  

Alternative strategy: bearish below 4135.00, target 4060.00 4000.00