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CSI 300: 4200 support is valid
2022-07-24
1203
A brief analysis of the fundamentals:
On Thursday (July 21), the three major A-share indexes shrank and dived. The CSI 300 closed down 0.99%, with a turnover of 1,018.2 billion yuan, and a net sales of 2.751 billion yuan of northbound funds. Looking ahead, the stock index is generally expected to continue to fluctuate, and at the same time, it is still necessary to pay close attention to changes in policies, funds and external factors.
CSI 300 one-hour chart
A brief technical analysis:
Looking at the 1-hour chart, the CSI 300 retraced to test the 4200 support, the MACD began to shrink below the zero axis, and the market entered a volatile consolidation. Within the day, the box body oscillated between 4200-4340. 4100.
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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