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CSI 300: Rebound above 4200

2022-07-26
975
A brief analysis of the fundamentals:

On Tuesday (July 26), A-shares rose and fell, and the turnover decreased by 28.1 billion compared with the previous trading day. As of the close, the CSI 300 closed up 0.83%, and the net purchase of northbound funds was 7.257 billion yuan. Today's A-share investors are not in high spirits, and they are all waiting for the Fed's interest rate meeting on Wednesday night to land.

CSI 300 one-hour chart
A brief technical analysis:

From the 1-hour chart, the CSI 300 started to rebound above the support of 4200, while the MACD volume could shrink slightly below the zero axis, indicating that the market may maintain a volatile consolidation, continue to pay attention to the gains and losses of the 4200 support, if 4200 breaks again Look at 4150-4100, if the rebound is effectively stabilized, look at 4280-4340 above.

Long and short turning point: 4200

Resistance: 4340.00 4385.00
Support level: 4200.00 4150.00

Trading strategy: bullish above 4200.00, target 4340.00 4385.00
Alternative strategy: bearish above 4200.00, target 4150.00 4100.00

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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