Steady growth policy overweight again, CSI 300 shrinks and rises

A brief analysis of the fundamentals:

On Thursday (May 26), the three major stock indexes bottomed out in early trading and rose sharply in the afternoon. The CSI 300 rose and fell back to close at 39,968 points. The total transaction volume of the two cities was 823 billion yuan, and the net sales of northbound funds were 1.597 billion yuan. Under the support of the policy bottom and the monetary easing cycle, the market as a whole is still in the process of bottoming out. If the volume cannot rise on Friday, you need to be cautious to prevent the market from pulling back.

CHINA300 4-hour chart

A brief technical analysis:

From the 4-hour chart, the CSI 300 continues to fluctuate within a narrow range, the long-short game is stalemate, the moving average system is flat, the MACD red column increases, the RSI indicator is flat, and the probability of continued shocks within the day is high.

Long and short turning point: 3960.00

Resistance: 4165.00 4315.00

Support level: 3780.00 3650.00

Trading strategy: bullish above 3960.00, target 4165.00 4315.00

Alternative strategy: bearish below 3960.00, target 3780.00 3650.00