The three major indexes fluctuated and differentiated, and the CSI 300 rose and fell

A brief analysis of the fundamentals:

Last Friday (May 27), A-shares opened high and fluctuated at a high level. In the afternoon, affected by securities companies, they fell rapidly. The CSI 300 rose and fell back to close at 3981.7 points. The total transaction volume of the two cities exceeded 800 billion yuan, and the net purchase of northbound funds was 3.901 billion yuan. Although the short-term market has ushered in continuous recovery, the strength and sustainability of the rebound are relatively poor. With the overall shrinking trading volume and the demand for capital profit-taking, beware of another dive in the CSI 300.

CHINA300 4-hour chart

A brief technical analysis:

Looking at the 4-hour chart, the CSI 300 rose and fell, the upward momentum was slightly weaker, the moving average system was flat, the MACD green column increased, the RSI indicator was flat, and the probability of continuation of intraday shocks was 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