CSI 300: Bullish above 4190

A brief analysis of the fundamentals:

On Thursday (June 23), the A-share Shanghai and Shenzhen stock markets opened higher and moved higher, and the whole line rose sharply. Northbound funds poured into 12 billion, and the trading volume returned to one trillion. The CSI 300 closed up 1.72%. The reason for the sharp rise yesterday was mainly because the meeting of the Standing Committee of the State of China pointed out that consumption is the main driving force for the economy, and the consumption sector has been greatly boosted. After the external risks gradually dissipated, A shares are expected to continue to be attractive and maintain a volatile upward trend.

CSI 300 one-hour chart

A brief technical analysis:

Looking at the 1-hour chart, the CSI 300 index continues to run above 4190, and the MACD begins to increase volume above the zero axis, so the market has further momentum to move higher, maintaining above 4190 and continuing to see a shock rebound, targeting 4450-4500, breaking below 4190 Then look down near 4060

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