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CSI 300: support moved up 4040
2023-05-08
1012
Fundamental analysis.
Monday (May 8) the three major indices higher throughout the day, CSI 300 closed up 1.81%,, Shanghai and Shenzhen rose 2,826 shares, fell 1,919 shares, the two markets turnover of 1.14 trillion, the 22nd consecutive trading day exceeded 1 trillion yuan, north net buying 2.049 billion yuan. Looking ahead, combined with the current A-share market overall valuation level is not high, the current position of the market opportunities are still greater than the risk, continue to maintain a positive view of the A-share market.
CSI 300 four-hour chart
Technical analysis.
4 hours chart, CSI 300 breakthrough 4040 further strength, MACD volume on the zero axis began to release, the trend continues upward, the current support moved up 4040, the upper target to see 4100-4150.
Resistance level:4100 4160
Support level:4040 4000
Trading strategy: 4040 above bullish, the target 4080 4140
Alternative strategy: 4040 bearish below, the target 4000 3950
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