CM Trade

Download APP to receive bonus

GET

CSI 300: Support Follow 4180

2023-01-30
870
Fundamental analysis:

On Monday (November 30), the first trading day of the Rabbit's year, the three major A -share indexes rose collectively. The Shanghai and Shenzhen 300 index opened 1.3%in the morning and fluctuated, and it rose slightly by 0.14%throughout the day. The two cities have risen over 3800 shares, nearly a hundred shares rose, the effect of making money is better, the transaction volume is significantly enlarged, the turnover exceeds trillion, and the net inflow of funds in the north is 20.884 billion. Looking forward to the market outlook, the main logic of supporting market restoration is still fulfilled. During the Spring Festival, the main markets such as overseas and Hong Kong stocks performed well. After the festival, the A -share market is expected to usher in active start.

CSI 300 one hour map




Technical analysis:

Looking at the 1 -hour picture, the Shanghai and Shenzhen 300 opened high and low above 4180, and once rose to 4280. At the same time, MACD maintained a relatively uniform amount of volume on the zero axis. The current support mainly focuses on near 4180. 4250-4300.

Multi -time turning point: 4180

Resistance level: 4200.00 4250.00
Support bit: 4180.00 4140.00

Trading strategy: Barrow on 4180, target 4250.00 4300.00
Extracting strategy: Watch the decline under 4180, target 4128.00 4080.00

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More