CSI 300: Focus on 4145 resistance

A brief analysis of the fundamentals:

On Thursday (August 4), the main A-share index rose. The CSI 300 was dominated by red trading throughout the day, closing up 0.8%. The trading volume shrank, and the turnover was less than 900 billion yuan. The net sales of northbound funds were 3.205 billion yuan. Looking forward to the market outlook, once the domestic short-term uncertainties improve, it is expected to drive the return of northbound funds, and the impact of short-term geopolitical risks will gradually weaken. Under the support of fundamentals, the market still has a good foundation.

CSI 300 one-hour chart

A brief technical analysis:

In the 1-hour chart, the CSI 300 is consolidating below 4145, which is a gap in the early stage. It is difficult to start a rally before the gap is filled. It will continue to be bearish below this level in the day, and the MACD is at the zero axis. The downward volume can continue to be enlarged, indicating the risk of further re-exploration of the market. Look at 4050-4000 under 4145

Long-short turning point: 4145

Resistance: 4145.00 4200.00

Support level: 4050.00 4000.00

Trading strategy: bullish above 4145.00, target 4200.00 4300.00

Alternative strategy: bearish below 4145.00, target 4050.00 4000.00