Foreign capital came back again, and the CSI 300 ended strongly

A brief analysis of the fundamentals:

On Friday (June 10), the last trading day of last week, foreign capital suddenly returned, and A-shares showed a rare reversal of the global trend. Withstanding the heavy pressure from the outside world, they turned red again. The CSI 300 index closed up 1.52%. Behind the surge are international funds that are actively rushing to raise funds and continue to buy. Beishang funds have now seen net purchases for 10 consecutive trading days, setting a record for the longest this year. As China unwinds from a new round of epidemic, market optimism surges, and foreign investment expectations are positively reversed, giving A-shares the momentum to continue to strengthen

CSI 300 four-hour chart

A brief technical analysis:

Looking at the 4-hour chart, the CSI 300 broke through 4180 strongly, breaking the suppression again and hitting a new high. The trend continued to rebound from the bottom. The MACD column continued to increase volume above the zero axis, indicating that the price is expected to go higher.

Long and short turning point: 4180

Resistance: 4270.00 4320.00

Support level: 4065.00 3920.00

Trading strategy: bullish above 4180.00, target 4270.00 4320.00

Alternative strategy: bearish below 4180.00, target 4065.00 3920.00