CSI 300: shock adjustment

A brief analysis of the fundamentals:

On Tuesday (June 22), the three major A-share stock indexes opened slightly lower and then fluctuated sideways. They fell significantly in the afternoon and rebounded towards the end of the session. By the end of the session, the CSI 300 Index closed down 0.11%, and the turnover was the eighth consecutive transaction. Over a trillion a day. In the short term, the upward momentum of A shares will be insufficient, and the downward trend will be supported by easing policies, and there is a high probability that the adjustment will still be dominated by shocks.

CSI 300 one-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 upward trend. The MACD started to increase its volume above the zero axis and remained above 4190 to continue to see the shock rise. Target 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