CSI 300: Bullish above 4190

A brief analysis of the fundamentals:

On Friday (June 17), the three major A-share stock indexes opened lower and then moved higher. The turnover once again exceeded one trillion yuan, and the CSI 300 closed up 1.39%. The Fed's interest rate hike has opened a new round of global liquidity crunch crisis. China's policy has frequently warmed the market's confidence in China's economic growth. The impact of overseas risks on A shares has been dulled. Chinese assets have become a global safe haven. Continue to strengthen.

CSI 300 four-hour chart

A brief technical analysis:

Looking at the 1-hour chart, after the CSI 300 index broke above 4190, the resistance has turned into support. Now it has stepped back to 4190 again to stabilize and continue the rally. MACD started to re-volume above the zero axis, and continued to rise above 4190 within days, targeting 4320. -4450

Long and short turning point: 4190

Resistance: 4320.00 4450.00

Support: 4190.00 4060.00

Trading strategy: bullish above 4190.00, target 4320.00 4450.00

Alternative strategy: bearish below 4190.00, target 4060.00 4000.00