CSI 300: Bullish above 4320

A brief analysis of the fundamentals:

On Friday (June 24), the broader market fluctuated and rose throughout the day. The three major indexes opened higher and moved higher. Foreign capital continued to inflow nearly 10 billion, and the CSI 300 index closed up 1.17%. As the epidemic prevention and control situation improves, the domestic supply chain is gradually recovering, and major industries are recovering significantly. After the external risks gradually dissipate, A-shares are expected to continue to be attractive and keep fluctuating higher.

CSI 300 one-hour chart

A brief technical analysis:

Looking at the 1-hour chart, the CSI 300 index runs on the strong support of 4190, and the MACD shows volume expansion above the zero axis. At present, after breaking through the 4320 line, the resistance has turned into support, and it will continue to be bullish above 4320 within days, with a target of 4450. -4550

Long and short turning point: 4320

Resistance: 4450.00 4550.00

Support: 4320.00 4190.00

Trading strategy: bullish above 4320.00, target 4450.00 4550.00

Alternative strategy: bearish below 4320.00, target 4190.00 4100.00