The turnover exceeded one trillion consecutively, and the CSI 300 reappeared "Deep V"

A brief analysis of the fundamentals:

On Wednesday (June 8), the A-share market first fell and then rose, and the "deep V" trend reappeared during the session. The major indexes closed up one after another. The turnover in half a day has already exceeded 10 billion, which is the third trading day this week. Breaking 10 billion , the CSI 300 Index rose 0.97% to close at 4,201.2 points. Foreign institutions said that the impact of the epidemic on China's economy may have bottomed out, and the pace of market recovery depends on the progress of resumption of work and production and the progress of specific measures to stabilize growth. The market outlook is expected to continue the bottom rebound with the continued allocation of funds.

CSI 300 four-hour chart

A brief technical analysis:

Looking at the 4-hour chart, the CSI 300 changed its decline from the previous trading day. It was suppressed by 4180 and failed to break through. It quickly rose and broke in midday, and finally closed above 4200, successfully breaking through the resistance. The K-line pattern forms a relay signal of "bullish engulfing", indicating that the rising market is expected to continue, and there is a high probability of further rebounding and higher in the day

Long and short turning point: 4180

Resistance: 4270.00 4320.00

Support level: 4065.00 3920.00

Trading strategy: bullish above 4180.00, target 4270.00 4320.00

Alternative strategy: bearish below 4180.00, target 4065.00 3920.00