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Look at the rebound above the Shanghai and Shenzhen 300: 3710

2022-10-13
957
Fundamental analysis:

On Thursday (October 13), the two cities in A shares rose, and the major indexes rose and decline. The city's 3207 shares rose, 1548 shares fell, with a turnover of 728 billion yuan. Looking forward to the market outlook, the current valuation is close to the end of April, and the level when returning to the historical outsole. Investors' positions and transactions are at the bottom of history. In terms of general trend, the fundamentals confirm that the end of April is solid. Essence

CSI 300 one hour map



Technical analysis:

Looking at the 1 -hour picture, after the CSI 300 rebounded slightly, it was blocked near the high point 3785 yesterday. At the same time, the MACD began to shrink slightly under the zero axis. It is expected to continue to rebound further. At present, the support is mainly concentrated near 3710. You can continue to look at the rebound, and the above target look at 3830-3900.

Multi -short turning point: 3710

Resistance level: 3820.00 3900.00
Support bit: 3710.00 3660.00

Trading strategy: Bullies above 3710.00, target 3820.00 3850.00
Alternative strategy: Watch the decline under 3710.00, target 3660.00 3600.00

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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