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CSI 300: Support Follow 4140

2023-02-02
941
Fundamental analysis:

On Thursday (February 2), the three major indexes of A shares rose and declined. 4.505 billion. Looking forward to the market outlook, the current A shares are in the rebound stage at the bottom, and the market expects to recover. The policy will vigorously promote the economy to achieve high -quality repair. The liquidity is generally in a reasonable and abundant situation. Under the strong RMB exchange rate, the attraction of foreign -funded A shares market has rebounded back. Essence

CSI 300 one hour map




Technical analysis:

Looking at the 1-hour chart, the CSI 300 stopped falling and rebounded after 4140, and MACD began to shrink on the zero axis. The current support column is concentrated near 4140, looking at 4250-4300 above the bit.

Multi -short turning point: 4140

Resistance level: 4200.00 4250.00
Support bit: 4180.00 4140.00

Trading strategy: Barrow on 4140, target 4200.00 4250.00
Alternative strategy: Watch the decline under 4140, target 4100.00 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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