Beishang funds aggressively scavenge goods, A-shares usher in a long-lost surge

A brief analysis of the fundamentals:

Last Friday (May 20), the broader market opened higher and moved higher throughout the day. The three major indexes all rose by more than 1.5%, and the CSI 300 rose sharply to close at 4,062.8 points. The transaction volume of the two cities has increased significantly. The daily transaction exceeded 900 billion yuan, and the northbound net inflow exceeded 14 billion yuan. Although the external stock market is still under great pressure, the domestic index shows a certain degree of resilience. If the periodic rebound trend is clear, A shares are expected to rise again.

CHINA300 4-hour chart

A brief technical analysis:

From the 4-hour chart, the CSI 300 opened higher and moved higher, breaking through the previous consolidation range. The short-term trend was strong, the moving average system Zouping, the MACD red column increased, the RSI indicator was flat, and the probability of intraday fluctuations was high.

Long and short turning point: 3960.00

Resistance: 4165.00 4315.00

Support level: 3780.00 3650.00

Trading strategy: bullish above 3960.00, target 4165.00 4315.00

Alternative strategy: bearish below 3960.00, target 3780.00 3650.00