CM Trade

Download APP to receive bonus

GET

Look at the rebound on the Shanghai and Shenzhen 300: 3780

2022-10-16
1023
Fundamental analysis:

On Friday (October 14), the two cities of A shares rose unilaterally. In the afternoon, it was reported that the United States suspended the import of "double anti" tariffs on imported solar components. In the afternoon of 300, it rose more than 2%, and finally closed up 1.5%, which was excellent. The trading volume of the two cities was amplified, with a turnover of 860 billion yuan. The net purchase of funds in the north was 7.47 billion yuan. The Shanghai Index rose 1.57%this week.

CSI 300 one hour map


Technical analysis:

Looking at the 1 -hour chart, the CSI 300 further exceeded 3780, and the rise was strengthened. At the same time, the MACD continued to shrink slightly under the zero axis. The index is expected to continue to rebound further. The current support is mainly concentrated near 3780. You can continue to look at the rebound, and the above targets look at 3900-3950.

Multi -time turning point: 3780

Resistance level: 3900.00 3950.00
Support bit: 3720.00 3680.00

Trading strategy: Bullies above 3780.00, target 3900.00 3950.00
Alternative strategy: Watch the decline under 3780.00, target 3720.00 3680.00

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More