The transaction volume exceeded one trillion again, and the CSI 300 made great progress

A brief analysis of the fundamentals:

On the first trading day of the Dragon Boat Festival holiday on Monday (June 6), A-shares got off to a good start, and the turnover of the Shanghai and Shenzhen stock markets once again exceeded 1 trillion yuan, the first time since May 11. Growth stocks with strong performance before the holiday made great progress. With the blessing of favorable policies, the new energy sector led the upside. The Science and Technology 50 Index rose 4.25% intraday, leading the major A-share stock indexes; the ChiNext Index rose 4%, the Shanghai Stock Exchange The index rose 1.28%, while the CSI 300 rose 1.87%. As the trading volume rises and breaks through the resistance platform, the CSI 300 is expected to start a rally.

CSI 300 four-hour chart

A brief technical analysis:

From the 4-hour chart, the CSI 300 continued to see a bottom upside, and after the 4028 support stabilized, it hit a recent new high again. The short-term bull trend is strong, and it is expected to continue the rise in the day.

Long and short turning point: 4065

Resistance: 4195.00 4270.00

Support level: 4065.00 3920.00

Trading strategy: bullish above 4065.00, target 4195.00 4270.00

Alternative strategy: bearish below 4065.00, target 3920.00 3800.00