The three major indexes rose and fell; the CSI 300 rose and fell

A brief analysis of the fundamentals:

On Monday (May 22), the three major indexes rose and fell, maintaining a volatile trend throughout the day. The CSI 300 rose and fell to close at 4,014.1 points. The total transaction volume of the two cities was 859.7 billion yuan, and the net sales of northbound funds was 5.744 billion yuan. It can be seen from the trading volume that the two cities still have not exceeded one trillion. At present, the market is more of a game between stock funds. In the follow-up, we need to observe the trend of leading sectors to judge the continued strength of the rebound.

CHINA300 4-hour chart

A brief technical analysis:

Looking at the 4-hour chart, the CSI 300 opened higher and moved lower, with obvious signs of stabilization. The short-term moving average turned upward, the MACD red column increased, the RSI indicator was flat, and the probability of intraday fluctuations 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