CSI 300: Upward volatility

A brief analysis of the fundamentals:

On Monday (June 21), the three major A-share stock indexes diverged throughout the day, with a net sale of 9.7 billion northbound funds. In the end, the three major indexes remained standing and closed up slightly. As China's monetary policy is stable and the economy is recovering, while European and American countries have serious inflation and capital turbulence, the global economy has also begun to decline from stagflation. Since June, A shares have performed uniquely in the global capital market, and the CSI 300 is expected to continue its previous performance. The upward trend is volatile, and the probability of going out of the bottom and rising throughout the year is further increased

CSI 300 one-hour chart

A brief technical analysis:

From 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 to stabilize and continue the rising trend. MACD started to increase volume above the zero axis, and continued to rise above 4190 within days, targeting 4320. -4450

Long and short turning point: 4190

Resistance: 4320.00 4450.00

Support level: 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