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CSI 300: Weakening below 4340

2022-07-14
836
A brief analysis of the fundamentals:

On Thursday (July 14), the trend of A shares was divided throughout the day, and the CSI 300 index fluctuated weakly throughout the day, up 0.01% as of the close. Looking ahead, China's stock market will continue to outperform other global markets, supported by various macroeconomic, policy, cyclical, position-holding and other factors.

CSI 300 one-hour chart



A brief technical analysis:

Looking at the 1-hour chart, the CSI 300 is consolidating within a narrow range below 4340, the MACD volume has begun to shorten below the zero axis, the short-term trend has entered a shock, and the market trend is weak. 4200

Long and short turning point: 4340

Resistance: 4340.00 4385.00
Support level: 4250.00 4200.00

Trading strategy: bearish below 4340.00, target 4250.00 4200.00
Alternative strategy: bullish above 4340.00, target 4485.00 4450.00

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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