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CSI 300: Support Follow 4030

2023-02-27
948
Fundamental analysis:

On Monday (February 27), the two cities of A -shares continued to adjust. As of the closing, the Shanghai and Shenzhen 300 fell 0.28%, recorded on the 4th consecutive, 3900 shares of the two cities fell, 1050 shares rose, with a turnover of 753 billion yuan. 19 billion. Looking forward to the market outlook, the weak trend of A shares is that the sector market is not continuous. It is concerned about the lack of strong economic recovery, stubborn overseas inflation, and geopolitical conflict. Can still pay attention.

CSI 300 Four Hours Chart




Technical analysis:

Looking at the 4-hour chart, the trend of the Shanghai and Shenzhen 300 is further weakened. At the same time, the MACD maintains a slight volume under the zero axis. The current support attention is near the previous low of 4030. If the bit is further broken, the market market will see near 3980-3930.

Multi -time turning point: 4030

Resistance level: 4100.00 4160.00
Support bit: 4030.00 3980.00

Trading strategy: Light on 4030, target 4100.00 4160.00
Qualification Strategy: Watch the decline under 4030, target 3980.00 3930.00

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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