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CSI 300: Return to 4060

2023-02-20
940
Fundamental analysis:

On Monday (February 20), the two cities in A shares rose, and the Shanghai and Shenzhen 300 rose 2.06%. The two cities rose about 4,000 shares, with a turnover of 950 billion yuan. On the disk, the infrastructure sectors such as Cheng Machinery, Building Materials, and Buildings have risen forward, and lithium battery stocks are sold by funds. Looking forward to the market outlook, it is currently in the strong economic recovery expectations, but the market game is intensifying, coupled with geopolitical tension in the peripherals, strong US dollars, and the main market lines are not obvious, there is certain disturbances on the A -share market. However, with the implementation of the comprehensive registration system and the release of new vitality of the policy, the confidence of the market participation subject has gradually recovered. It is expected that the continuous flow of northbound funds will continue to support the trend of the A -share market, and the market is short -term or continues to fluctuate.

CSI 300 Four Hours Chart


Technical analysis:

Looking at the 4 -hour chart, the CSI 300 returns to 4060, and the "V -type" anti -pump appears. The bulls trend is expected to return. At the same time, the amount of MACD can be reduced by the amount near the zero axis. Short-term strong support, above this position 4180-4250.

Multi -short turning point: 4060

Resistance level: 4060.00 4100.00
Support bit: 4000.00 3950.00

Trading strategy: Barrow on 4060, target 4180.00 4250.00
Qualification Strategy: Watch the drop under 4060, target 4000.00 3950.00

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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