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

2022-05-31
900

A brief analysis of the fundamentals:

 

On Monday (May 30), the stock indexes of the two cities showed some decline after a slight gap and opened higher. The CSI 300 fluctuated little and closed at 4,000.3 points. The total turnover of the two cities exceeded 811.7 billion yuan, a decrease of 4.7 billion yuan from the previous trading day. At present, the stage of the most overseas disturbance and pressure has passed, but it will take time for the policy to take effect. In addition, the Dragon Boat Festival is approaching, and it is expected that A shares will remain volatile.

 

CHINA300 4-hour chart

 

A brief technical analysis:

 

From the 4-hour chart, the CSI 300 continues to fluctuate sideways, with a small overall volatility, the moving average system is flat, the MACD green column is increasing, the RSI indicator is flat, and the probability of intra-day continuation of the shock 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

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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