CSI 300: Support Upper 4010

Fundamental analysis:

On Friday (November 13), the three major A -share indexes continued to strengthen after a brief adjustment of the previous trading days. The CSI 300 advanced to 4,100 points, setting a new high for a month, and continued to reach a new high since mid -September last year. The 2910 shares of the two cities rose, the 1930 shares fell, with a turnover of 702 billion, and the net purchase of funds north was 13.3 billion yuan, which was bought for 8 consecutive days. Looking forward to the market outlook, the epidemics across the country will "cross the peak" rapidly after the New Year, stimulating the frequent policy of promoting economic acceleration, superimposed to the peak period of the annual report disclosure in late January 2023, and the "spring restlessness" market in A shares is expected to continue.

CSI 300 Four Hours Chart

Technical analysis:

Looking at the 4-hour chart, the CSI 300 continues to strengthen at 4000 points. At the same time, the MACD volume can continue to present the volume status above the zero axis, and the upward trend accelerates. The current support has moved near 4010, and the above targets are around 4100-4150.

Multi -short turning point: 4010

Resistance level: 4100.00 4150.00

Support bit: 4010.00 3960.00

Trading strategy: Barrow on 4010, target 4100.00 4150.00

Alternative strategy: Watch the decline under 4010, target 3960.00 3900.00