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CSI 300: The interval consolidation remains unchanged

2022-11-24
1180
Fundamental analysis:

On Thursday (November 24), the two cities shrink down, as of the closing of the CSI 300 to 0.25%, 2645 shares in the two cities rose, 2150 shares fell, the transaction volume dropped significantly, and the turnover was less than 750 billion yuan. 1.236 billion. Looking forward to the market outlook, A shares are expected to enter the structural shock upward cycle of the mid -term reversal. The trend is similar to the "N" type. The index is expected to usher in a slow rise.

CSI 300 one hour map




Technical analysis:

Looking at the 1-hour chart, the CSI 300 stopped falling again after the callback 3755. At present, the consolidation trend is formed in 3755-3800. The MACD energy column shrinks near the zero axis. 3755 look at 3700-3600.

Multi -short turning point: 3755
Resistance level: 3800.00 3900.00
Support bit: 3700.00 3600.00

Trading strategy: Watch the decline under 3755, target 3700.00 3600.00
Alternative strategy: Bullish on 3755, target 3800.00 3900.00

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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