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CSI 300: 4200 Battle

2022-07-25
963
A brief analysis of the fundamentals:

On Monday (July 25), A-shares fluctuated weakly during the intraday trading session. The daily turnover was only about 860 billion yuan, and the net sales of northbound funds exceeded 3 billion yuan. As the easing policy is expected to be corrected again, it is expected that the stable growth will be implemented rather than overweight in the second half of the year, and there is limited room for further overweight. normalize.

CSI 300 one-hour chart
A brief technical analysis:

Looking at the 1-hour chart, after the CSI 300 pulled back and tested the 4200 support, it closed above the support again, and the MACD could level off below the zero axis, indicating that the market will remain volatile and consolidate. If it breaks down again, look at 4150-4100. If it is effectively stabilized and rebound, look at 4280-4340 above.

Long and short turning point: 4200

Resistance: 4340.00 4385.00
Support level: 4200.00 4150.00

Trading strategy: bullish above 4200.00, target 4340.00 4385.00
Alternative strategy: bearish above 4200.00, target 4150.00 4100.00

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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