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CSI 300: The bottom of the bottom is up

2023-04-28
960
Basic face analysis:

On Friday (April 28), A shares welcomed the closing palace in April. The three major indexes rose collectively. The Shanghai and Shenzhen 300 rose 1.14%. , The 19th consecutive trading day exceeded 1 trillion yuan, and it went north to buy 1.585 billion yuan. Looking forward to the market outlook, after the short -term index dives continuously, with the rebound of the oversold new energy and other sectors and the booster of the performance of financial stocks, the index bottom up. The current liquidity remains reasonable and abundant, the valuation of A shares is still at a historical low, and the value of the medium -term allocation is prominent. In the future, the A -share market can still watch the high line.

CSI 300 Four Hours Chart



Technical analysis:

Looking at the 4-hour chart, the Shanghai and Shenzhen 300s have further risen above the 3940. The MACD capacity can start to narrow under the zero axis. The bottom of the bottom is obvious. Pay attention to the support near 4,000 points. The target above the target is 4080-4140.

Resistance position: 4080 4140

Support bit: 4000 3940

Trading strategy: 4000 to watch the bullish, target 4080 4140
Alternative strategy: 4000 drop below, target 3950 3900

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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