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CSI 300: Adjusted within a narrow range
2022-07-13
1684
A brief analysis of the fundamentals:
On Wednesday (July 13), the main indexes of the two cities rose, and the CSI 300 ended a three-day losing streak, with a narrow range of fluctuations throughout the day, an increase of 0.18%, a turnover of 940 billion yuan, and a net sales of 6.874 billion yuan from northbound funds. In the medium and long term, A-shares still have the basis for a structural upward trend, but in the short term, the upward momentum of Shanghai and Shenzhen is not enough, and the adjustment probability is still high.
CSI 300 one-hour chart
A brief technical analysis:
From the 1-hour chart, the CSI 300 is consolidating in a narrow range. The current resistance has moved down to 4340. The MACD has begun to increase its volume below the zero axis. see 4250-4200
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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