简体中文
ภาษาไทย
繁體中文
Indonesia
CSI 300:4200 tug of war continues
2022-07-27
1219
A brief analysis of the fundamentals:
On Wednesday (July 27), the A-share index fluctuated within a narrow range throughout the day. The CSI 300 index closed down 0.05%, with a turnover of 868 billion yuan, and a net sale of 3.738 billion yuan of northbound funds. Looking forward to the market outlook, the market has entered a period of shock from a unilateral repair period. At this stage, investors need to remain patient and wait for the opportunity to re-launch the index after a significant adjustment under external catalysis.
CSI 300 one-hour chart
A brief technical analysis:
From the 1-hour chart, the CSI 300 continues to test the support of 4200 and consolidates around this support level. At the same time, the MACD can shrink slightly below the zero axis, indicating that the market may remain volatile and consolidate. Continue to pay attention to the gains and losses of the 4200 support. If 4200 breaks down again, look at 4150-4100. If it is effectively stabilized and rebound, 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.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
