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CSI 300: with 4385 support as the axis
2022-07-03
1009
A brief analysis of the fundamentals:
On the first trading day of July on Friday (July 1), A shares shrank in volume, and the CSI 300 closed down slightly by 0.41%. Looking ahead, with the effective prevention and control of the domestic epidemic, the joint efforts of policies to support the rapid recovery of the economy, and the easing of external risk pressures, the slow bull market of A shares is expected to continue, and the CSI 300 index still sees a volatile rise.
CSI 300 one-hour chart
A brief technical analysis:
From the 1-hour chart, the CSI 300 fell slightly but was still above the support of 4385. At the same time, MADC began to shrink above the zero axis. The adjustment signal is more obvious, but the trend is still in a bullish pattern. The market outlook remains above 4385 and continues to be bullish. Mainly, target 4500-4600
Long-short turning point: 4385
Resistance: 4500.00 4600.00
Support level: 4300.00 4190.00
Trading strategy: bullish above 4385.00, target 4500.00 4600.00
Alternative strategy: bearish below 4385.00, target 4300.00 4190.00
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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