The trading volume has returned to trillions, and the CSI 300 has recovered significantly

A brief analysis of the fundamentals:

On Tuesday (June 14), due to the sharp drop in U.S. stocks, A-shares opened lower due to external influence after the opening market. The three major indexes dropped in early trading. , the Shanghai index staged a V-shaped reversal. As of the close, the CSI 300 Index rose 0.79%. Opening low and moving high indicates that the market sentiment has recovered, the transaction volume has returned to trillions, the A stock market scene has recovered significantly, and the market outlook is expected to continue to rebound.

CSI 300 four-hour chart

A brief technical analysis:

From the 4-hour chart, the CSI 300 opened lower and moved higher and stabilized above the strong support of 4030, and then filled the gap left at the opening, forming a bullish engulfing pattern. The MACD also began to level above the zero axis, and the index was fully retraced. It is expected to return to the rally later, and the rebound will still be the main focus in the day

Long and short turning point: 4030

Resistance: 4270.00 4320.00

Support: 4120.00 4030.00

Trading strategy: bullish above 4030.00, target 4270.00 4320.00

Alternative strategy: bearish below 4030.00, target 3950.00 3900.00